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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (6019)	1/3/2002 6:47:44 PM
From: Frank Pembleton	Respond to of 36161

Yeah Russ, I'm sitting here trying to think of something profound to say or at least something funny about the performance of the oilpatch in this very new year. I just finished reading an analyst report on a stock I've been quietly collecting these past few weeks and as advertised they've cut-back on rig building and have had to endure warm weather and even a rig booking cancellation. I've written about this company before since it is connected with my favorite patch play -- Tesco. Drillers Technology (DLR.TO) I wrote about it here; Message 15801167 ...and here; Message 16677066 They've essentially cut and/or push-back their expected expansion of their rig fleet to the winter of 2003 -- their rigs by-the-way are Tesco units. I may have too many eggs in one basket...or not enuff if I were to rely on take-over rumours... See? I knew I could say something funny. :) Regards Frank P.