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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (1296)3/10/1999 1:44:00 PM
From: zalesky  Read Replies (1) | Respond to of 2282
 
To all: I knew when I planted my oil seeds in January
and February they would sprout buds in March. Oil
futures must be higher again today. Can you fill me
in on the current NEWS sending futures higher??? With
volume of this magnitude institutional players are
buying with a VENGEANCE. Good Luck to all who held
through the depression. HAPPY DAYS ARE HERE AGAIN!!!!



To: Ram Seetharaman who wrote (1296)3/10/1999 1:45:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 2282
 
Whip me, beat me, make me write checks. <GGG>

BT



To: Ram Seetharaman who wrote (1296)3/10/1999 2:59:00 PM
From: GlobalMarine  Read Replies (1) | Respond to of 2282
 
It went up by several hundred percent! I still recall Seth Glickenhaus on NBR many years ago saying he though GLM would triple, what with its "wonderful jackups" amid the "glut of rigs in the Gulf is ending." GLM didn't triple, it went up almost tenfold!

Looks like people are sensing the oil glut may be over and accordingly the multiple on the drillers is merely adjusting from 8 to 16.


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