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


To: marc chatman who wrote (43096)4/23/1999 11:35:00 AM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
marc, You make a good point. I suspect Tisch was sitting patiently by, hoping low oil prices would last another 6 months or more so he could go shopping. They may in fact have missed the window. However, don't forget that day rates are still depressed...RIG talking about cash break even -- that means they ain't making money...just working for free.

DO doesn't have the capital costs of others and they can "not make money" longer.

big
loosbrock.com