Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jim_p who wrote (74978)	9/28/2000 1:38:18 PM
From: Jon Cave	Read Replies (1) \| Respond to of 95453

oil down and OSX up. Go figure! I am confused. In the past when oil prices droped 25cents investors ran for the exits. I wonder if wallstreet has decided perhaps oil is going to stay above $25 for a while <g>.

To: jim_p who wrote (74978)	9/28/2000 1:42:41 PM
From: CpsOmis	Respond to of 95453

MDR..... Sometimes the answers are in plain sight! I thought that the large move in MDR a week ago Friday/Monday were because of the insider buying disclosures of the CEO/Chairman etc... Now WHY didn't this news blurb show up on my DLJ news??? This would explain a lot about the huge moves and buying interest as of late...... Cosmo (By the way Slider, you were there to jab at me when my 10K share buy went from 8 bucks to 7......haven't heard from you lately.....Got MDR???? (VVBG) ) corporate-ir.net McDermott International Inc. (ticker: MDR, exchange: New York Stock Exchange) News Release - 18-Sep-2000 -------------------------------------------------------------------------------- J. Ray McDermott Contracts With Saudi Aramco DUBAI, September 18 – J. Ray McDermott Middle East, Inc., a unit of McDermott International, Inc. (NYSE: MDR), announced that it has recently contracted with Aramco Overseas Company (AOC) to fabricate and install additional platforms, production decks and pipelines for Saudi Aramco's Safaniya and Zuluf fields. Construction work on four production decks and two steel jackets is scheduled to begin in September at J. Ray McDermott's Jebel Ali fabrication facility. McDermott Arabia Company Ltd., a unit of J. Ray McDermott, will install the fabricated facilities and subsea pipelines associated with the projects in 2001. The project also requires J. Ray McDermott to provide support services. Terms of the transactions are not being disclosed. "We are pleased that Saudi Aramco has selected our company to participate in these important projects," said Kurt Nelson, vice president and general manager of J. Ray McDermott Middle East, Inc. "Our involvement in these projects reaffirms our commitment and dedication to the Saudi offshore construction market." In 1999 J. Ray McDermott fabricated and transported five jackets and three production deck modules, along with spools, risers and shrouds for eight individual pipelines to Saudi Aramco's developments in the Abu Safa, Marjan, Safaniya and Zuluf fields. These lump sum contract amendments are extensions to work that was completed last year.