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

To: dougjn who wrote (3982)	11/30/1997 10:14:00 AM
From: Teddy	Respond to of 95453

RE: Floaters Capable of >3,000 feet Water Depth This data is a few months old. Worldwide total of 56 Rigs capable of 3,000 feet or more. Here is a breakdown of the percentage of those rigs owned by each company. Diamond Offshore - 19% Transocean Offshore - 18% Schlumberger - 13% Reading & Bates - 13% Noble Drilling - 11% Falcon Drilling - 5% Global Marine - 5% Other - 16% This list does not show what % these rigs are compared to the total fleet for each company, so it can not be used to predict the impact on each companies earnings on a % basis that a change in Dayrates would have, nor does it factor in if the rigs are signed for long-term contracts or are up for bid anytime soon. So, for picking one of two stocks to buy, i'm not sure that list is much use at all.