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To: Czechsinthemail who wrote (23557)	6/6/1998 9:26:00 AM
From: Bazmataz	Respond to of 95453

They lowered estimates but raised their rating??eom

To: Czechsinthemail who wrote (23557)	6/7/1998 6:35:00 PM
From: iandiareii	Respond to of 95453

Any news on MDCO's negotiations with Esso (XON) over a contract extension on the new semi-sub? They reached agreement on a three-year contract, set to start January '99, that includes an option for Esso to extend the deal to five years at a lower dayrate. Since the initial deal was done January last it seems like both parties would have a pretty good idea of where they stand by now. The option expires July 1 and, as near as I can tell, we've yet to hear a word. The three years came in at $207 million, or ~$189K/day. Take it out to five years and the figures are $302 million and ~$165K/day. Any reason to think Esso won't exercise the option, or is trying to re-do that portion at a lower price? Conversely, any reason to think MDCO would be better off with a semi-sub to roll-over into a contract at 2002 rates? Yow, 2002, the year of Chicago's seven-peat. Go Bulls! ian