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Pastimes : EXSO-holics -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (776)	10/24/1998 8:43:00 AM
From: Lee Fredrickson	Read Replies (1) \| Respond to of 1568

Hey...did I hear my name?? Hi, Kenny. Comments from me re: the OS sector have been slim anywhere for quite awhile. I'm still long my longtime 3, RIG (in a DRP with Bank of NY), DRQ, and MIND. I'm so far underwater on all of them that any rally which starts just gives me a "Damn, here we go again" feeling. That's my own fault, however, for buyin' 'em plump and holding them thru a long decline. At these kind of prices, it's a different story. TDW. Never have closely followed the service boats end of the sector too closely, as the equipment is smaller and easier to 'over-build' in moments of euphoria (last year) than the bigger rigs. But there's still drilling going on, and somebody's got to get the crews, equipment et al out to where it's happening. I think I'd want to see some int'l exposure, as the GOM seems to have been slowing down the most. And, if your trading quickly, anything's possible. Haven't been tracking Noble either, just RIG; like I said above, when you've been thumped good and are just holding on waiting for some real improvements in world-wide oil demand, the urge to mine every analyst's report for hope wears thin. And,OT, one of our boats lost a crankshaft Thursday, so today I get to roll over a stripped-down, ~8 ton engine block, and remove the offending mote. Gotta go. Wish I could be of more assistance. Lee