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

To: The Perfect Hedge who wrote (7422)1/9/1998 5:53:00 PM
From: Lucretius  Read Replies (2) | Respond to of 95453
 
offshore was up. That's what I care about.

you still have your CSCO puts?



To: The Perfect Hedge who wrote (7422)1/9/1998 6:05:00 PM
From: pz  Respond to of 95453
 
Re: Rig Count

Keep in mind that many things can influence the WEEKLY rig count. The rig count is a count of rigs actively in service. Weather, such as the rain we've had lately in Texas can influence whether a rig is able to move to the next location. Also repairs on the rig may shut it down. I wouldn't put a whole lot of empahsis on that report. If this trend continued then I'd be concerned, at least for the land drillers.

Regards,

Paul



To: The Perfect Hedge who wrote (7422)1/9/1998 7:54:00 PM
From: Lorenzo Perez  Respond to of 95453
 
Glen:

Lower rig count can't be good, specially now that investors don't need much to panic and sell histerically. But againt, this is a logical analisis, which gives the hope that the oppositive will occure, since out of ten times, at least nine my logic is wrong lately.

Lorenzo


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