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

To: BigBull who wrote (65988)	5/10/2000 3:28:00 PM
From: stevedhu	Respond to of 95453

Big Bull, CHK just traded a couple of blocks, one for 467,100 Sh. and just prior to that a 70,000 Sh. block and has traded over 2 Mil Shares for the day. Take Care Steve

To: BigBull who wrote (65988)	5/10/2000 5:11:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Bull The Caspian barge is certainly the highlight at PKD these days. I think it is accepted that the field is huge and that 257 is going to be busy but that is already factored into the price. I expected more of a bounce and when I didn't get it, I bailed out. Providing new rigs for that harsh environment would take years. The problem I have is with the status of the other 79 rigs. They provided very little information about utilization rates in recent releases. Some of those land rigs scattered around the world have been stacked for several years. Are they competitive and ready to go back to work or rusting hulks? I've been in and out twice in the last six months with good results but questions about management quality and rig utilization and quality have me on the sidelines for now. The shelf offering and its possible dilutive effects also didn't help. Good luck. John