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To: Big Dog who wrote (23402)	6/4/1998 11:57:00 AM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 95453

BD, thanks, I will look into 'em. DBC has been pretty satisfactory, but their server was down. ST happens. Figures it happened on the first good news day we had in a while, and unlike the lkast time OPEC rumors happened, we didn't gap up big. Coulda got some nice bargains at or near the open on a few. Oh well... Where is everyone? First time we open up and things looking better in awhile, and noone around? Also might want to look at WAI as a leverage play, options are cheap. and as it will move 2.4:1 w/ BHI, if BHI goes up 2, this one will go up 5!** Dave

To: Big Dog who wrote (23402)	6/4/1998 12:10:00 PM
From: Grommit	Read Replies (1) \| Respond to of 95453

It is my understanding the present weakness in the gulf is not matched by similar weakness in the rest of the world. 1. Is this true? 2. If so, why not? What is fundamentally different about the GOM? Rig dayrates are down but not rig utilization (at least not by much) offshore-data.com So rig utilization alone obviously not the best thing to look at to view demand, right? thanks