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Gold/Mining/Energy : Diamond Offshore DO -- Ignore unavailable to you. Want to Upgrade?

To: MMW who wrote (77)	3/6/1999 9:09:00 AM
From: Jacques Tootight	Read Replies (2) \| Respond to of 101

Also I notice that RIG stock price is below DO. I couldn't figure out why. Can anyone share some story here? I think DO's cash position is serving it very well during these troubled days in the oil patch. DO could almost be considered a hedge play in the sector right now. For someone not brimming with confidence but wanting an exposure to the service sector, DO is perfect. Limited downside, strong cash and no debt. Longer term though, that cash could work to their disadvantage unless it is deployed somewhat while assets are cheap to obtain. When oil does recover and begin the inevitable upward cycle, DO could have a tough time keeping up with the Joneses with all cash and not enough rigs. RC