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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (777)	2/25/1998 3:18:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 2005

Gottfried, Einverstanden (Agreed). I also bought a few share of TMAR today figuring that ESV,BJS, and TMAR gives one a reasonable cross section/exposure to oilfield services. But for those of you who follow the drillers, I just came back from a meeting where we are trying to arrange for a rig for a SE Asian project, three wells. Per the drilling manager, the North Sea and Gulf of Mexico rig markets are still very tight, so that we probably could not offer a sufficient incentive that would encourage a company to move a rig to SE Asia for a three-well job.... So the rig market in the North Sea and Gulf of Mexico are still tight. On the downside we will probably pare back our capital expense budget a bit due to the lower oil prices this year- but not by any huge amount..... Sincerely, Doug F.