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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Butcher who wrote (835)	7/26/1998 11:01:00 AM
From: Sterling	Read Replies (1) \| Respond to of 2282

Sorry, I missed the conference call. But I think the expirations are staggered and there are some long term deals with the deep water submersibles. The Parker Drilling conference call implied some slight strengthening in late fall, so I think the traders have set up prices (low) to get in later. Small comfort at this point. Anyway, with oil executives having a hard time forecasting oil price, far be it from me to guess on that. I have heard GLM executives say before that they need to see oil at $16 - $21 per barrel before things look good to them.