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

To: Zakrosian who wrote (1920)	9/24/2000 2:12:12 PM
From: Gottfried	Read Replies (1) \| Respond to of 2005

Zakrosian, [edited] looks like Shell suspended drilling in the Gulf only because of the storm. Release of oil from the strategic reserve is only a couple of days US consumption, isn't it? Just a transient blip. I'm puzzled there's not more drilling, but the US rig count is steadily increasing. I posted a link a couple of posts back. Let's share anything else we find. Most now have a profit in ESV and vigilance is called for. [edited] cbs.marketwatch.com excerpt >"Due primarily to the unpredictable nature of commodity prices, contract drilling stocks are very risky," Conlan warned in his report. "A sudden downward correction of oil and/or natural gas prices could materially decrease aggregate drilling demand, materially affecting...profitability."< I read somewhere that oil companies drill only if the well is considered profitable even at $11 per barrel. Gottfried