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

To: Big Dog who wrote (4424)	12/4/1997 8:44:00 AM
From: JGreg	Respond to of 95453

Eric Hvide of HMAR was interviewed on CNBC. Said $15 would be the crossroads point for oil price which is supporting the growth in drilling sector. Said a bigger concern is that price will go too high. That would reduce demand. I think that suggestion was propaganda, but this ceo used his 5 minutes well to promote the industry. He said dayrates for his boats had gone past $8000 and were approaching $9000. Said the wait time for boat building is 16+ months. The wait time for new builds is the reason he gave for the interest in consolidations for growth.