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


To: BBG who wrote (18997)4/14/1998 11:42:00 AM
From: HH  Respond to of 95453
 
I dont know. The tone of this cc is less than enthusiastic.
I think the future is still "sloppy" in some areas.
IE Gulf of Mex. It seems that glm dayrate increase is
related to new rigs coming on board full term.
Celtic Sea only had 21 rev days in 1 st qtr and will be
full time for 2 nd qtr.

West Africa also sloppy and related to sentiment of oil prices.

For future , what is GLM edge?
1. high quality of work.
2. younger fleet
3. higher quality fleet.
4. training of personel responsiveness to customer requiremnets.

Points to higher avg dayrates. Premium prices.

HH