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

To: Big Dog who wrote (17483)	4/1/1998 1:29:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 95453

Big dog: thanks for the "gentle reminder". I'll keep it in mind. Are you the same person as Mike? just curious, if yes, why you change your on-line name? You don't have to answer me. Best luck.

To: Big Dog who wrote (17483)	4/1/1998 1:39:00 PM
From: Czechsinthemail	Respond to of 95453

Big Dog, I have a somewhat different take on the deepwater/shallow drilling question. Given the strength in natural gas, I think you are likely to see continued strong funding of natural gas plays supporting the shallow drillers as well as the deep drillers. While the deep drilling is a more secure long-term play, this has also been reflected in the relative price performance of deep drilling companies. On a relative value basis, I think the shallow offshore drillers, particularly those focused on Gulf gas projects look currently more attractive -- more upside, less downside. Perhaps they will get a big run and the relative valuation will change, but going into the earnings season, I think you are likely to see more appreciation from upside surprises among the shallower drillers. Baird