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: pz who wrote (11271)	2/10/1998 8:53:00 PM
From: Susan Saline	Respond to of 95453

Well UTI is probably down a heck a lot lot more than rig rates. I am still flipping it, but got stuck holding some at 23 or so Going to hang on to those shares, cause when the oils turn, it will fast and furious. Sue

To: pz who wrote (11271)	2/10/1998 9:00:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

Paul Z, The OSX middle BB also corresponds with its uptrend support line since early Jan. If we get a bounce off the middle BB tomorrow or Thursday and close on a strong note, then more mo-money may come in. OSX is made up of primarily off-shore and service companies. The land drillers (not sure if NBR is in it) are not represented much. I'm still partial towards the offshore, the land dayrate issue notwithstanding. We are about a month to the GOM lease sales on 3/18. With the majority of the track up for bidding all classified as deepwater areas, the word "deepwater" will be written very heavily in the coming weeks. Drillers with good GOM exposure are DO, GLM, ESV, RDC, NE, FLC, MDCO and CDG. On your rate call to UTI, did they reduce their rate to match the prevalent rate or decide to stack them? We are talking about a gas rig, right?