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

To: 007 who wrote (14493)	3/11/1998 3:50:00 PM
From: PartyTime	Read Replies (3) \| Respond to of 95453

007, Do you know that I email correspond with Money Penny's body double? Why not pick the two of us up on your way down to Venezuela. Also, tell people to buy MDCO before you head out the door.

To: 007 who wrote (14493)	3/11/1998 8:31:00 PM
From: Czechsinthemail	Respond to of 95453

007, Thanks for confirming the oil/gas ratio for MDCO. I think the strength in natural gas is probably good news for all the shallower drillers concentrating in the Gulf of Mexico, because if oil projects get cut back there is a greater likelihood of gas projects being substituted. It simply helps keep the rig market tighter. As you may have noticed, rig utilization and dayrates remain strong. Nevertheless the market keeps trying to predict what is going to happen and consequently drops the stock prices around fears of lower oil prices. If utilization and/or dayrates don't drop, the shallower drillers that have been victimized the most may show the strongest rebound. Remember that their shorter contract periods mean they will reflect rising rates sooner. Baird