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

To: Benchman who wrote (1662)	1/24/1999 7:11:00 PM
From: shust	Read Replies (1) \| Respond to of 2005

Guys and gals, For your information: The Ensco V rig in Lake Maracaibo has recieved a short term contract on Lake Maracaibo (will be working for Chevron). This is one of the rigs which had their contract terminated by PDVSA. The contract termination was in the news release this week by Ensco. Just keeping some people updated. Rob's right about analyst telling us when it's time to buy. They accumulate all their shares and then inform the general public that it's a good buy. Many people in the sector that I know expect a turnaround either late this year or early next. It's too late to buy these stocks when the turnaround happens. Have to be in it before. In my opinion the bottom in ESV is around book value $9 range. We've seen this price a couple of times. If it happens again I would jump in. I don't think there is much downside from there. Happy Investing, shust