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

To: SargeK who wrote (38814)	3/3/1999 2:30:00 PM
From: Big Dog	Read Replies (3) \| Respond to of 95453

FWIW, which may be not much, here is an edited version of a message I was sent today from someone "in the industry". start message Recently the rumor has been about Global and Transocean trying to negotiate a deal. It was supposedly pretty close to consumation until the very end, and it fell through because neither wanted to give up control. Then somebody fairly high up with XXX, who owns a good bit of Global stock, said that Transocean made an offer(not sure about the dollar amount), but it was rejected. end of message I bet every driller has tried to buy every other driller, but no one wants to lose control, therefore a Mexican standoff, ala Sarge. There WILL be some more consolidation. Count on it. big loosbrock.com