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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (1918)	9/23/2000 11:22:01 PM
From: Gottfried	Respond to of 2005

Steve, [edited] US rig count is still trending up. slb.com Some analysts expect day rates to increase further biz.yahoo.com Next year's earnings are expected to be almost triple this year's biz.yahoo.com So there's a chance ESV price could increase further. What do you think? Gottfried On the other hand, I saw a CNBC blurb this week that 2 oil companies are suspending drilling in the gulf. I have no details, but will look and post if I find something. [edited] I found the story and it was because of a storm. biz.yahoo.com

To: steve harris who wrote (1918)	9/24/2000 1:58:50 PM
From: Zakrosian	Read Replies (1) \| Respond to of 2005

Steve - Thanks, I don't follow the sector that closely and I didn't realize the information was so readily available. I've tried the Strictly Drilling thread, but it was just too hard to keep up with the posts. Have your or Gottfried or anyone read a good synopsis of what's going on, and if so, and can you point me in the right direction? With oil priced this high, why would anyone suspend drilling? Last week I asked a neighbor in the business why rigs were still idle and he just shrugged and said (I think) that drilling won't really pick up until there's greater certainty that the price will stay high enough. Makes sense, but then my assumption was that it was profitable above about $15-20 a barrel. That's a long way from today's prices. And any opinions on the release of the oil from the Strategic Reserve?