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

To: SJS who wrote (2752)11/5/1997 6:45:00 PM
From: CrabDaddy  Read Replies (1) | Respond to of 95453
 
To All,
Assuming a deep water rig is pumping oil at an "average" rate (I'm not sure if there is an 'average' rate), how much oil does a deep water rig pump out in a day? Any comments welcome. I am just trying to find out what the Exxons and Amocos of the world are clearing on a rig that they have leased for $150-$200 grand a day. And what the ceiling is on the rates of rigs for sale or lease - Assuming oil is stagnant at $20/share.

NICE move on FGII today. Sold Coke to by more - never thought I would sell Coke - bought it ten years ago.

Good Investing
Crab Daddy



To: SJS who wrote (2752)11/5/1997 7:28:00 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
Mike's covered call sale does not look good right now. I sold 40 more of the 45's today (now have my entire 11,200 shares "hedged").. I am in the unenviable position now of hoping the stock will retreat...I don't like thinking like that, but I have to be realistic and know that there will be a pull back between now and Feb. Maybe I made the wrong trade...time will tell, but it hurts today!


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