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


To: Big Dog who wrote (14054)3/7/1998 6:57:00 AM
From: Thean  Respond to of 95453
 
Big Dog, beside the accumulation trend, there is a deliberate attempt by some analysts to tout investment in the shallow water and some may have mistaken MDCO as the play in that respect. I don't think so because we don't see strength in CDG, GLM, ESV, NE, FLC and others that have plenty of exposure in shallow water. Whether the rumor will bear fruits no one knows, but such a strong trend typically will linger on a while. If the rumor is totally baseless, it is those Johnnies who came lately who get to carry the weight going down. I'd stay neutral and keep what one has. When the street decides the rumor is totally baseless, MDCO can expeience air pocket in a few short hours.



To: Big Dog who wrote (14054)3/7/1998 7:04:00 AM
From: Teddy  Read Replies (2) | Respond to of 95453
 
Good morning B.D., it must be very early there. Are you going fishing?

Do you know about the availability of Noble Drilling's Semisub known as Shelf 4 ?

From what i understand it has been stacked for a long time in the U.K. and according to rumors (Luc?) was recently leased and is heading for up grade. There has been no press release concerning this alleged contract so IR will not tell me anything about it.

Thanks