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

To: Roebear who wrote (88683)	3/15/2001 9:24:04 AM
From: tommycanuck	Respond to of 95453

The sale of the underbalanced drilling assets is both good and bad if there is such a thing. On the one hand they got a decent price for the assets and they will be able to deploy the capital in a better fashion today. The underbalanced portion of the drilling business in Canada is very seasonal and will probably remain that way. On the negative side it was an operating division in Canada that gave them a presence in the field and supported the platform to deliver services into the field. Whether that will make any difference remains to be seen but in my view it puts a bit of pressure on management from a sales and marketing perspective. TESOF does have the eye of the investor in the States and has been able to use the allure of their new and interesting technology and the resulting future promise to develop a significant following and support for the stock. Good luck. TC