Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (1619)	1/3/1999 12:25:00 PM
From: Michael W. Brom	Read Replies (1) \| Respond to of 2005

My uncle is still confident the shares will run up within the next 12 months. He's in the oil field as well. He works as an engineer consultant for a number of companies. He has made LOTS of $$$ investing in this area. I am certain that ESV will be a good place to be during 1999, but it may later rather than sooner. Michael

To: steve harris who wrote (1619)	1/4/1999 8:31:00 AM
From: shust	Read Replies (1) \| Respond to of 2005

Steve, The three new barge rigs should be here and working around March. They are all under contract so that is good. Under a worst case scenario this is all that will be working. I'm not sure what will happen with all the other stacked rigs, but will let you know when I find out. I know quite a few of the Ensco boys here. It's tough going for all the companies here. Halliburton, Schlumberger, etc. have laid off tons of people. One guy I know stated that the first round of cutbacks was easy, but now companies are letting very good people go. I own ESV, FLC, GLM, and WFT. In 3-5 years we'll look back at this and say why didn't I buy more. Even with this downturn all the oil people here think this is a great buying opportunity at these levels. Well I'm off to Margarita Island this afternoon. ESV is a very good company. I wouldn't sell now. All the best, shust