Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chas who wrote (20374)	4/25/1998 2:06:00 PM
From: Chas	Respond to of 95453

Re: Transocean Offshore Annual Report Just one interesting segment: "The fact is, Transocean Offshore is different. We are a company that specializes in a highly technical segment of the offshore drilling business. Our segment, deepwater and harsh environment drilling, requires high-specification equipment and technical and operating expertise to succeed. We are largely focused in an area that our customers say holds the most promising long-term prospects for their business, and the average contract length on our fleet of floating rigs, currently 33 months, reflects this claim. We do not provide a commodity service and demand for our rigs and services is less sensitive to short-term oil and gas price fluctuations, which should result in a lower level of financial uncertainty." Also: "Our principal challenge will be the hiring and training of more than 800 individuals to properly staff our expanding fleet of deepwater rigs." They have a school in Amelia, LA to train workers. They see their customers, who are the major participants in worldwide exploration for O&G, focusing on a long-term horizon. All in all, a very positive outlook. Hope earnings come in at or above expectations on 4/28. Long RIG. Good Luck, Chas