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

To: Czechsinthemail who wrote (18854)	4/13/1998 10:17:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Baird, I received the ESV annual report this weekend, and it was good reading. (Nothing that's not in the SEC filings, of course). They are spending a lot of money upgrading their jack-ups -- maybe a near term negative for those who believe the Simmons report, but they are moving and planning to move jack-ups out of the GOM and into the harsh drilling environments. They are also developing plans on a proprietary design for a semi-sub. And the record of creating wealth for shareholders is phenomenal. I think management has its act together. If Rainwater is holding, I think I'll hold too. <g>