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

To: Big Dog who wrote (40326)	3/18/1999 2:13:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Big; referring to ATW as a ''trade'' here - but any news on NE buying ? I think ATW is a solid company - remember it flew to $60 at its peak; but it has really flown here the last couple of days - a fund buying large; as soon as Oil turned intra-day - the sector started seeing weakness in the high flyers - I just see ATW as a quick $2 to 10% downside retracement trade - unless there is a buyout rumor. NE looks like they are gearing up to buy someone - if not soon; will it be too late ?..... MRL- ATW smaller niche players seem likely... ATW less likely to sell - MRL 's CEO often quoted as ''listening to offers'' and they have some deepwater newbuilds coming... and NE has cash that who else could use....? - would Day try to become the Worlds largest driller ? MRL seems to be the next candidate for someone to buy imho.

To: Big Dog who wrote (40326)	3/18/1999 2:38:00 PM
From: Andrew Brockway	Read Replies (1) \| Respond to of 95453

Big Dog or Slider, Allow me to ask a silly question. Are the drilling contracts currently being signed going to make it difficult for drillers to reach the revenues/profits of past years? I'm not sure how the whole contract thing works, but I assume that drillers are now signing marginally profitable contracts just to keep some cash flowing in the door. Doesn't matter how high the price of oil reaches, if you've agreed to drill for 5yrs (or however many yrs a typical contract runs) at a ridiculously low rate, then that's just the way it is. Could you help the thread understand how recent low oil prices is influencing contracts now being negotiated and signed? How will this affect profitability over the next few years. We're all just assuming that these stocks will, within a few years, reach new highs - maybe the contacts won't produce the revenue and therefore won't justify higher stock prices. Thanks, Andrew