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

To: Reseller who wrote (13190)	3/1/1998 4:35:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

As a long term MDCO follower, I can tell you the followings: 1. MDCO has higher volatility (like CDG) compared to other offshore companies like GLM, ESV, RIG, DO, ATW, etc. 2. MDCO has a small fleet (16 offshore rigs, all except one operating in GOM if I remember right). 3. MDCO has the buyout potential. MDCO has natural gas exposure as well as oil exposure. 4. MDCO has a good near term support at $16.5 - $17. But it needs to break (close) above $20-$21 to get out of the current trading range. 5. As with all drillers these days, the key is crude price. Set your objective and exit points clear on this. Ask yourself if oil remains weak for next 6 months, are you willing to wait, etc. Good luck.