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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: upanddown who wrote (64871)4/18/2000 12:38:00 PM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
Those construction companies are likely just the ones that Goldman follows. I agree that MDR will benefit...as will HOFF... and maybe even FGH.

big



To: upanddown who wrote (64871)4/18/2000 7:18:00 PM
From: Mark Adams  Read Replies (1) | Respond to of 95453
 
Was there a PR release on this?

The Bankruptcy Court in N'awlins cleared the way for MDR assets to be shielded from B&W asbestos claims on Monday

TIA



To: upanddown who wrote (64871)4/18/2000 8:47:00 PM
From: Razorbak  Read Replies (1) | Respond to of 95453
 
MDR, Deepwater, & Subsea

John:

My best understanding of JRM is that their specialties are platforms, pipelines and subsea. Isn't that where the deepwater money has to go?

Most platforms (except Bullwinkle class) aren't very suitable for deepwater, but MDR has a number of technologies that are ideally suited for this segment: e.g., SPAR, Tension Leg Platform (TLP), subsea, dynamically-positioned pipelay, etc.

The following excerpt was taken from the Company's Report for the Nine Months Ending December 31, 1999:

Deepwater and subsea projects mark the future of offshore construction. J. Ray McDermott has led advances throughout the history of offshore construction and today leads the way into deepwater and subsea with innovative designs such as the spar facility pictured here.

mcdermott.com

Razor