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

To: Peter V who wrote (44708)	5/13/1999 7:36:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

Peter Here's the RIG update. biz.yahoo.com I'am beginning to understand why RIG has been such a laggard. The earnings outlook is really dismal, especially FY2000. Other problems....5 of the 6 4G Semis come off contract this year with the last in Apr 2000. These are earning 120-180K dayrates and may have to come down substantially for new contracts. Of the 3 new drillships, one has been delivered but the next one is not due until 3Q/2000. I'am loaded on this one but not comfortable here. John