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


To: Broken_Clock who wrote (14941)3/16/1998 6:15:00 PM
From: bw  Read Replies (1) | Respond to of 95453
 
I thought the "Clinton" was a land rig...It is one of those specialty rigs that only drills in prospects that are overweight and underfunded, due to its small bore...Also has a tendency to overheat and become "red" during its drilling operations...



To: Broken_Clock who wrote (14941)3/16/1998 6:56:00 PM
From: drsvelte  Respond to of 95453
 
<<"I thought that "backwardization" was something to do with commodity prices.">>

You're absolutely correct, the rig incident was clearly a "contango!"