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

To: Robert Floyd who wrote (21390)	5/4/1998 8:56:00 PM
From: Shelia Jones	Read Replies (2) \| Respond to of 95453

Got to love that Luigs, he's seeing a 30 % increase in dayrates, hasn't seen a rig off contract in years, expects rigs to be fully utilized, and says demand is like a herd of elephants! Why doesn't Thorne at ESV share this view - or why is GLM and ESV so different (or are they?). I received a Q1 announcement in the mail today from ESV and Thorne wrote: "We are, however, beginning to see the impact of lower oil prices and other factors, which could have a negative effect on near term day rates, utilization and financial results." GLM even specifies that their premium rigs are a big plus while ESV's premium rigs were supposedly a hinderance in this market. Simply a difference of opinion - is Lugis an optimist while Thorne is a pessimist?