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

To: Jeffrey Beckman who wrote (30291)	10/3/1998 10:19:00 AM
From: chirodoc	Respond to of 95453

i believe it will be buying a little do, rig, slb in oct-nov rebound could take 1-2 years depending on japan/brazil but this is a long bottom curtis

To: Jeffrey Beckman who wrote (30291)	10/3/1998 1:48:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

According to the latest rig count (and the latest doggie-gram), offshore-data.com loosbrock.com the GOM continues to be the weakest area in the world for utilization % and dayrate stability. I believe there are other weakening areas (Venezuela, SE Asia ??) but Europe and the Mediterranean remain strong. Seems to me that the best place to be is outside the gulf or in the deepwater, or preferably both. Looking at this rig location chart: oilonline.com the known deepwater drillers have the following GOM/outside GOM breakdown for rig location: ------------GOM----------OUTSIDE NE ------------16-------------31 FLC------------21------------22 SDC-------------0------------26 SEDCO(SLB)--3------------42 RIG-------------7-------------21 DO-------------29------------16 The thing we don't know is how current is this data and what is the rig utilization % by company. The ideal data would be rig utilization % by company and rig location by company and water depth by location. Anyone know where to find it ? John

To: Jeffrey Beckman who wrote (30291)	10/3/1998 4:45:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

SLB ... an ''aggressive play...'' ...I just have to think that those Tweed wearing, Bow Tie-laden, Ivy League, Silver Spooned, Smith Barney Analysts that think SLB is an ''aggressive'' play; must get muscle twitches and break out in hives; if you ask them about Internet Stocks... or micro cap E&P plays. Cribbage, or Croquet anyone ? ...watching College Football ? - how gauche... you Barbarians.... PS anyone catch the ''Live Chat'' on Yahoo today with The Street.Com's live summit - 12 Analysts live-taking questions... Very interesting. I'll post a few highlights later... good news for the oilpatch !