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


To: Big Dog who wrote (31099)10/25/1998 10:47:00 PM
From: chuck weir  Respond to of 95453
 
Big Dog: What is your opinion of the Reading & Bates/ Falcon take over of Cliffs? I was reading The CEO's notice to the shareholders of Cliffs this weekend. Their deal with the company in Norway sounds like what you were discussing in an earlier edition of your newsletter (Navis Explorer I...dynamically positioned drill ship,etc). Sounds pretty neat if all of the chips fall into place.
Given the Recession/Depression discussion that has been going on with the brain trusts at the major financial institutions (and in the current and past issues of Barrons) how would you play the opportunity? Thanks for sharing your thoughts.