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

To: Teddy who wrote (14662)	3/12/1998 10:47:00 PM
From: Czechsinthemail	Read Replies (3) \| Respond to of 95453

Teddy, I'm not sure what the current status on MDCO's contracts is, but someone posted their most recent 10-Q or 10-K over at the MDCO thread. There they said they were trying to extend the length of their contracts. I'm not sure if their greater vulnerability is in the Gulf or in S.E. Asia. I believe that region has had somewhat weaker drilling demand--maybe Big Dog could verify this. But your point is well taken that if dayrates continue to rise, shorter contracts will reflect the higher rates faster and if they top out or decline, shorter contracts will show that sooner. I would also agree with you that MDCO is a great stock to own. All the drillers are depressed enough in price that it is easy to make a good case for any and all of them going up. I guess finding ways of fine-tuning and finessing the differences between drilling companies is one of the sports available to us while their stock prices are down. Baird Baird