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.

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

To: The Perfect Hedge who wrote (5443)	12/16/1997 8:57:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

If we get another up day will we be able to tell if this rally has any steam to it? In this market totally unexpected things happen. With the TA and all, I'd say if we get a confirmation tomorrow of a bottom, the odd is better than 50% but probably not more than 70% for a continuing up. We need to see continuing momentum to sustain a bet >50% everyday. Also, the upper BB will be the logical resistence if we get up there from here. ps: how do I selectively italicise?

To: The Perfect Hedge who wrote (5443)	12/16/1997 9:21:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

I found this in RB news release today. Read the sentense about "The rig has been contracted at below current market day rates" below. I can't figure it out what it implies? On first impression it appears that EEX is happy they managed to get below market dayrate. Need some discussion here. The article can be found here: biz.yahoo.com " Separately, EEX completed negotiations with Reading & Bates (NYSE: RB - news) that will extend EEX's access to the C. Kirk Rhein, Jr. semi-submersible rig. In the agreement, the rig will first be used by another operator for a short- term drilling activity. EEX now expects the rig to be available for its use in March 1998 to begin drilling prospects in the Green Canyon and Mississippi Canyon areas of the Gulf of Mexico. The rig has been contracted at below current market day rates. ''This rig agreement, in addition to our existing contract for the Diamond Voyager, gives EEX access to two deepwater rigs capable of drilling our deepwater prospects in the Gulf,'' said Tom Hamilton. " OK. Found another spin on the same news. It appears to confirms EEX is getting below market dayrate for a deepwater rig in GOM. This may not be good but it came out before the market closed. biz.yahoo.com

To: The Perfect Hedge who wrote (5443)	12/16/1997 9:23:00 PM
From: Richard Kerns	Read Replies (2) \| Respond to of 95453

Hang Seng +223 (+2.16%) Nikkei +513 (+3.21%) Kospi +8.92 (+2.21%) Looks favorable for tomorrow so far.