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

To: Wallace Rivers who wrote (15763)	3/21/1998 9:57:00 AM
From: SJS	Read Replies (3) \| Respond to of 95453

I don't think the small costs of fuel as a percentage of the capital equipment that sits idle is as much of a factor as their potential lack of work. So, NO, I think lower oil commodity prices used for fuel will be good for them generally, but their bottom line (earnings, revenue) is scuttled by lack of work when oil budgets are slashed for E&P.

To: Wallace Rivers who wrote (15763)	3/21/1998 11:02:00 AM
From: Ken Robbins	Respond to of 95453

The vessel contracts that I dealt with had fuel and lube oil as a separate item reimbursed by the customer at cost. Therefore these costs didn't affect the vessel owners revenues. Does anyone know if the same practice is common on drilling contracts?