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

To: Platter who wrote (36749)	2/4/1999 12:55:00 PM
From: Nello Filippone	Respond to of 95453

Heads up .... looks like MRL is leaving the station. A 190,000 buy just came through.

To: Platter who wrote (36749)	2/4/1999 1:11:00 PM
From: upanddown	Read Replies (4) \| Respond to of 95453

Everyone in clear touch with the reality of very very tough business conditions that continue to deteriorate ? Surprised to see no response to this from the latest doggie-gram... Nice day today I see. Don't get to happy, the worst is yet to come. I hear there are some jackups bid in the Gulf at 9500/day -- folks, that is about 3000-4000 below direct operating cost. Buy dips, sell strength. or this.... UK NORTH Sea production is expected to climb to new record levels this year, despite the oil price slump and persistent worldwide supplies glut. The accent is on low-cost developments based on production ships and subsea tie-backs to existing field infrastructure. It means capital spending will slump to a mere .£2.28billion versus £4.82billion last year. Or this...... Total North Sea production this year is expected to average 6.81m barrels a day, a 13 per cent increase on the 6.02m b/d average for 1998. UK output is expected to rise by 14 per cent to a record 2.99m b/d, including 100,000 b/d from onshore fields. A separate Wood Mackenzie study shows that oil demand in western Europe is likely to remain flat to 2005, with average annual growth rates of 0.6 per cent. John