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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 (18665)	4/9/1998 8:11:00 PM
From: wggm	Read Replies (2) \| Respond to of 95453

Re: DO and softness in jackup rates: 1) DO may be "zigzagging in an uptrend" but the market has been soaring to new highs, and its most comparable competitor (RIG) has been doing a whole lot better. What will happen to DO if the market drops. 2) Earnings may be just around the corner, but all I have seen are reductions in estimates. More importantly, I suspect that if earnings are in line, the focus will then become next quarter. Maybe I'm missing something, but it certainly seems that with the exception of RIG and NE, the drillers look for any reason to sell off. 3) Simmons and Company published a report today indicating that dayrates for premium jackups in the GOM were dropping about $10,000 a day. Is this already common knowledge?