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

To: JZGalt who wrote (23842)	6/11/1998 2:39:00 PM
From: chuck weir	Read Replies (1) \| Respond to of 95453

Buy out candidates? Given the price consolidation in dillers/services, who are the ideal buy out candidates? There was some chatter a month or so ago about GLM being a target (since denied)...at these lower prices seems like several should be attractive to those firms with a long term perspective (SLB, etc.). Any thoughts on this subject?

To: JZGalt who wrote (23842)	6/11/1998 2:54:00 PM
From: Big Dog	Respond to of 95453

Drillers are in the business of building a company...adding rigs. I think they are sometimes oblivious to the realities of the market. If they add rigs they have a bigger company and therfore they are more important...and so on... As long as they either have the cash or someone will loan the money, they will build/buy rigs -- assuming of course they figure they can do so and not generate an ill word from the much-revered stock analysts. It will be "a long time" before this ILION is ready to drill...I don't know the time frame actually, but I know there is a lot to be done. big