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


To: Thean who wrote (20680)4/28/1998 7:17:00 PM
From: scott mcdowell  Respond to of 95453
 
MDCO moving two rigs to shallower water just to keep them working.
Hope is oil will move back up enough to stimulate demand in 300ft
depth. Fear is if oil stays down more rigs will move to shallower water and start eroding rates there.