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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (16277)	8/30/2002 12:05:12 PM
From: Sharp_End_Of_Drill	Read Replies (3) \| Respond to of 23153

Jim, thanks for the reply. I wouldn't be sure about the Banff deal. The UK sector of the North Sea is the pits right now. They are putting a new tax regime in place that penalizes the operators, so drilling activity has dried up there and the rig market is very soft, especially for semi-subs. If they can't make some sort of deal to produce this new well, they may be forced to get a contract at well less than they have today - i.e. more loses, or worst case the rig gets stacked. I thought I heard something like $800 million in debt coming due in 2003. Your figures show $425. I wouldn't think the stock would be priced as it is today with the figures you show. Something seems amiss. Sharp