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

To: Harold S. who wrote (24953)	6/29/1998 5:24:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Not a bad day today folks! Nice, quite, and higher... Thanks to all that have subscribed to the Big Dog's new e-newsletter. If you haven't yet, send blank email to: mailto:offshore-subscribe@makelist.com By the way, the rig that sank late last week was MR BICE owned by Broughton Offshore. It is the only rig they had. I suspect Carlos B. will get a nice insurance settlement and go fishing now. Thanks goodness no one hurt...and that is one less rig in the Gulf. The rig is partially visible (about 20 ft) above water. The weather was rough and she became unstable while under tow. Puppitude

To: Harold S. who wrote (24953)	6/29/1998 5:45:00 PM
From: SliderOnTheBlack	Respond to of 95453

Nice to have an ''up'' day --- & take it easy on ''Maria'' ! No one is perfect and isn't she easy to forgive ? In all seriousness she does a nice job IMHO; however got my stomach turning real quick like on her ''oil opening down $1''...spilled my coffee diving to turn on the computer... I think we'll see a nice week; as pointed out prior many fund managers dumping at the end of the quarter - window dressing... Nice volume on SLB. DO & FLC were 30% & 50% above average volume, RIG up nice on moderate volume - deewater service stocks up nice also....land driller TBDI traded a whopping 200 shares today; kind of says it all doesn't it. Deepwater is rather obvious as the place to be. OSX stocks by far outperformed the non-OSX oil sector stocks. Anyone know what is up with CRLBF ? - CXIPY getting hit lately also... profit taking ? - these were leaders on the run up and held amazingly well during prior selloffs. VTS, CXIPY & CRLBF look attractive as sector leaders who may have just now artificially sold off @ quarters end for the above reasons; especially attractive if we have finally turned the corner and I think we have. Paulo; HOFF showed they have a clue; with a nice press release today. They are very similar to TCMS in their pipelaying business etc. - Watch for HOFF's 6 month post IPO selloff when the ''lock-out'' period ends...seems to all most all ways happen. I like HOFF, but I also liked TCMS...TCMS saw dramatic selling @ the expiration of the ''lock-out'' period - and never recovered... HOFF at least took a pre-emptive position. If TCMS would have been a little more savvy, maybe they could have cushioned the fall and we would be around $9.00 and not trading at a PE of 6.