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

To: TimbaBear who wrote (1388)	3/24/1999 6:32:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 2282

TimaBear, I am not an analyst, but it would seem that the 20% rise in oil has resulted in a 20% rise in GLM and a 30% rise in DO. BT

To: TimbaBear who wrote (1388)	3/24/1999 9:37:00 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 2282

Maybe I missed it in one of the previous posts, but could someone address how GLMs price is likely to be affected by each $1/barrel change in oil? There is really no direct relationship between each dollar move and GLM's value like there would be with an oil producer. When the move in oil increases drilling and the increased drilling effects day rates, then we will see GLM's earnings increase. Of course it is a given that the last two will happen with an increase in the price of oil. Quantifying it, however, is not a simple matter. -Robert

To: TimbaBear who wrote (1388)	3/24/1999 3:29:00 PM
From: Elmer Flugum	Respond to of 2282

My opinion: Not much, until the oil companies decide to ramp back up their drilling schedules. However, it takes time to complete and implement drilling programs, so their is a time buffer in the equation. Len