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

To: The Ox who wrote (66502)	5/18/2000 12:20:00 PM
From: The Ox	Respond to of 95453

Transocean Sedco Forex Inc. Announces Plans to Issue Zero Coupon Convertible Debentures HOUSTON, May 18 /PRNewswire/ -- Transocean Sedco Forex Inc. (NYSE: RIG) today announced plans to begin a public offering of approximately $450 to $500 million of 20-year zero coupon convertible debentures. The offering will be underwritten by Credit Suisse First Boston. The company expects the offering to commence today with a closing mid-next week. The company intends to use the net proceeds from the financing to repay outstanding borrowings under its revolving credit agreement, to repay other indebtedness and for general corporate purposes. Transocean Sedco Forex Inc. is an offshore drilling contractor specializing in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offering is being made in connection with a distribution by Transocean Sedco Forex Inc. A written prospectus for this offering will be available from: The Prospectus Department Credit Suisse First Boston 11 Madison Avenue New York, NY 10010 Phone: 212-325-2580 The statements regarding the timing, terms, amounts, use of proceeds and other aspects of the offering, are forward-looking statements that involve certain assumptions. These include, but are not limited to, market conditions, customary offering closing conditions, the company's results of operations and other factors detailed in the company's filing with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. SOURCE Transocean Sedco Forex Inc. CO: Transocean Sedco Forex Inc. ST: Texas IN: OIL SU: OFR 05/18/2000 12:15 EDT prnewswire.com

To: The Ox who wrote (66502)	5/18/2000 12:20:00 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

We are getting close. There should be good support in the OSX at 120-122. Jim

To: The Ox who wrote (66502)	5/18/2000 1:22:00 PM
From: IndioBlues	Respond to of 95453

I think/hope so too, Michael. This is what I have been building cash for anyway. Good luck.

To: The Ox who wrote (66502)	5/18/2000 2:37:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"load up for the next run to 141" ? hello ? ahhh hmmmm; Michael H - now I am not putting you in the same boat as some of the others of late here; but since when did 130 to 141 constitute a "RUN" (VBG) ? - Is 7 1/2 % a run ? - heck, ya couldashoulda got that on the short side on CAM alone today (VBG) ~ ... that's more like a hiccup imho. Curious; as if a 30 point uninterrupted OSX run will not retrace at least the "ususal" 1/2 of its move before basing - and just perhaps, just maybe - timing it's new leg up, at about the time that Q2 earnings are released - sidestepping both the June Fed Meeting & OPEC meeting; so that then all those fundies have some "real meat" to base the next run upon ? ... maybe, just maybe; then those analysts can upgrade the sector again at the same time and not have to worry about the FED, or OPEC ? Sound like a plan ? nananananana - be the ball......................