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

To: BigBull who wrote (45579)	5/27/1999 2:19:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Good assessment PrimeRib. What they SHOULD do is shut down all those little yards. Do you realize how much it adds to the cost of a project to build it and then transport it and then put it together? Very inefficient, IMO. HLX could benefit from FGI reputation IF FGI gets to be the "leader". It would be interesting to see "who is the boss". The way HLX is trading, it looks like something is very close. big atoffshore.com

To: BigBull who wrote (45579)	5/27/1999 3:02:00 PM
From: upanddown	Respond to of 95453

Bull, not sure why that Deutsche guy is so skeptical about global drawdown. It doesn't seem to be supported by OECD numbers. OECD does not gather energy statistics. It gets them from the IEA. My guess would be that the DOE/EIA also gets its international stuff from the IEA. If you go to the OECD site oecd.org and select the oil market report, you go to the IEA site. iea.org You can't get the current month report other than highlights (maybe some industry person with access can summarize) but the highlights confirm what we have been saying. OPEC 2Q production down 2.5+ MMBD from prior projections, non-OPEC flattish and demand rising steadily. Doesn't that indicate a big global drawdown since the prior numbers added up to supply/demand parity ? I think it is all noise and that today is a buying opportunity. A lot of things are coming into alignment here. BD's note about a pickup in the GOM is great news. The land numbers may also contribute to very good rig numbers tomorrow which I believe come out before the close. Record holiday driving expected this weekend, a lot of it in those modified tanks that everyone is buying. Rig utilization and stocks drawdown....like Slider said, those are the two key factors and they are definitely going our way. John