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

To: Thean who wrote (5448)	12/16/1997 9:34:00 PM
From: The Perfect Hedge	Respond to of 95453

From the Motley Fools: >> Tidewater (NYSE: TDW) (N) (S) surged $2 5/16 to $56. Oilpatch stocks were generally strong today, and Tidewater was among the leaders. I spoke with Tidewater executive VP and CFO Ken Tamblyn briefly yesterday. Tamblyn said he had no comment on the proposed sale of Tidewater's compression business. He did say, however, that he thought the recent decline in the share prices of offshore drillers and marine service companies may have been due to a misinterpretation of comments made by some major oil companies regarding their 1998 budget plans for exploration and production. Tamblyn pointed out -- as have a number of industry experts -- that the reason for tight E&P budgets is simply because the major oils are having difficulty finding available drilling rigs. The tight supply continues to keep leasing rates at high levels.>> Thean- i'll have to leave those day rate questions up to Simmons.he's our man.Again great work on the table.GD