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: joe smith who wrote (14268)	3/9/1998 10:51:00 PM
From: GlobalMarine	Respond to of 95453

The SCORE rate (percentage of day rate required to justify speculative building of rigs) is posted at the GLM.com web site. It's below 100% but inching its way higher. If interest rates or building costs were to rise, the SCORE rate would drop, all other factors equal. While the SCORE rate for drillships is supposed to be below 100%, some drillships are under construction, suggesting that with a signed drilling contract, the contracted rates are economic enough to justify building the ships.