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

To: GlobalMarine who wrote (14199)	3/9/1998 2:31:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 95453

Here's the MDCO no news announcement: biz.yahoo.com The good news in the no news is that the takeover price would be a lot higher than it's currently trading. Baird

To: GlobalMarine who wrote (14199)	3/9/1998 2:32:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 95453

But won't a lot of cheap oil get burned up fast? Hence, a need for more drilling to replace reserves?

To: GlobalMarine who wrote (14199)	3/9/1998 3:29:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

...as crude prices fall, exploration and production companies don't make as much money Why is that so? E&P companies have fixed price contracts that go out several years. Crude oil prices cycle up and down and back up in the matter of months. How does one relate to the other? Tulvio