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

To: Thean who wrote (14973)	3/16/1998 10:34:00 PM
From: HH	Respond to of 95453

Well Thean, I have just completed a rather complicated arbitrage that involves going ----- long crude oil and shorting Coca Cola stock. It dawned on me when I woke up this morning that a key, secret, ingredient to Coca cola was our dear friend--Crude--(light sweet to be precise) Why else would Coke be selling at 45 times earnings? HH

To: Thean who wrote (14973)	3/17/1998 11:10:00 AM
From: Ken Robbins	Respond to of 95453

Found nothing about contracts but here is an extract from S&P stock report on RDC: "The three new rigs will be called Gorilla V, Gorilla VI and Gorilla VII. The company has begun construction of the Rowan Gorilla V, which will be capable of operating year round in 400 ft. of water south of the 61st parallel. Total construction costs are estimated at about $175 million. Completion is scheduled for mid-1998. In October-1996, directors approved the construction of two mobile offshore drilling units, to be named Gorilla VI and Gorilla VII, at an estimated combined cost of $380 million. The rigs will be constructed by the LeTourneau subsidiary, with delivery of the first rig expected in the first quarter of 1999 and delivery of the second expected in the second quarter of 2000." These are heavy duty jack-up rigs and are/will be constructed in LeTourneau's shipyard in Vicksburg, Mississippi.