would do on his birthday. Get two of those asian
massage girls and have a blast. And buy more gold for
around your neck!
Or come on down to Jersey. That
flood of refugees is starting to wear alittle thin and
them girls will be turning tricks for ten bucks before
the summer is out. The Fort Dix Brothel.
You think you're so funny and tough. You sound
like someone who has lost his pants in the market. I
think the birthday boy can get a better deal out of
your sisters for a massage, I am sure they are much
cheaper than the "asian girls" or the
And I think someone shit in you family gene
Go get a life you p.o.Sh&t.
Relax and go have a Margarita or a beer. Do you
think for one minute that you, me, or others will the
change course of direction of the market let alone the
drillers? We juveniles will come to our senses when the
action picks up. No offense meant. Please have a good
day and best of success. I own and there is nothing I
can do about it.
Juveniles is very apt. Wouldn't be afraid to
wager a dollar or
two that these kids don't have a
dime in the market-so why would
they have to know
anything about it or about the drilling industry? If the
one is actually celebrating his 30th birthday,
are in deep trouble. However, I think the numerals
fall into the same Wishful thinking
category as his two degrees
and the world traveler tag
he has put on himself. If he's any of
a Battleship Captain. T34 B
Can't say that I blame you for getting out of
PKD, Doglegs. That
doesn't disqualify you from
posting to the board, however. Would
still like to
hear from you. And thanks for giving him a good
"send Off" LC.
For the life of me, I can't
understand what attracts the vulgar
and vile to this
board. It gets pretty hard to ignore, even
someone as rough around the edges as myself. Being
evidentally lends much back bone to the impure at heart.
I fully expect a person to utter an occasional
if they have a mouth full of it, I
have found that even an occasional "fu--" is a poor
replacement, indeed, for honesty and integrity. It's kind of
like mixing manure and ice cream: all the
the world doesn't make it very palatable. Oh well,
guess manners and public decency have gone the way of
the hat rack in the local coffee shop. We're a lot
poorer for it. T34 B
Just thought I would check in and let you boys
know that I've escaped, so don't pay the ransom! With
FOR IMMEDIATE RELEASE
June 11, 1999
Gulf of Mexico rig count
increases; new rigs join drilling fleet
The U.S. Gulf of Mexico rig count increased since
last week, continuing
an upward trend that began
in April, according to Offshore Data Services�
mobile offshore rig count.
increase in the U.S. Gulf offshore rig count since last
week boosted the
count to 122, its highest level
since February. The Gulf rig count had fallen as low
107 in April. In addition to the two-rig increase
in the contracted rig count, one new
the Gulf of Mexico fleet and another moved into the
area. The U.S. Gulf rig
fleet now numbers 182 rigs,
and fleet utilization is 67.0 percent.
European offshore rig count is unchanged from last week.
With 86 of the region�s
100 mobile offshore
drilling rigs under contract, European offshore rig
mobile offshore drilling rigs are under contract, a net
since last week. Three new rigs
joined the world fleet, the result of new
programs that began over a year ago when rig
demand was high. The three new
offshore rigs include
a deepwater semisubmersible for Gulf of Mexico
deepwater drillship that will work offshore
West Africa and a drilling barge that will
shallow water in Venezuela.
drilling fleet now numbers 623 rigs. Worldwide offshore
utilization is 73.5 percent.
super duper pooper Scooper, Azi
that PKD does, has voume 100,000 more on average
per day than PKD, has a market cap equal to PKD and
has half the sales PKD has. pten's low for the year
is about 2.5 and high is about 10, its $1.00 from
its high now
Glad to hear you made it out ok, AZI. The white
hat gang was on call and ready to ride as needed.
<g> Thanks for the update on the rig count. BTW, I
never did get that file open. This weeks BARRON's had a
few interesting comments about this year's (the
remainder, that is) outlook for crude oil. Of course, many
of us had already concluded what BARRON's is now
confirming (hopefully) i.e., that crude has seen it's lows
and we are on a slow climb back up to a level that
should prompt some budget revisions by the E&P's and
some new drilling contracts being let in response to
the increase in RFB's. Excerpts are from BARRON's
weekly commodities column and are below [note: emphasis
added by L.C. in a couple of places via
>>June 14, 1999/The Lows Are In But don't look for big
gains; By Cheryl Strauss Einhorn
multiyear bear market in commodities ending? Two important
gauges, the Knight-Ridder Commodities Research Bureau
Index and the Journal of Commerce Index, indicate that
the answer may be yes.
>>Last week, both
made milestones. The CRB, which tracks prices of
agricultural, energy and metals products, bumped up against its
recent high, set on May 5, at 193.20. As for the
industrial JOC, made up of items used by factories, it moved
out of its two-year deflationary cycle Tuesday to hit
its highest rate of growth since August 1997. The
growth rate measured 0.13%, while modest, nonetheless
represents a sea change, moving from negative into positive
>>The jump in both of these commodity indexes comes as
inflation worries have the Federal Reserve considering
pushing up interest rates. The monetary authorities'
concerns MAY BE LEGITIMATE WITH REGARD TO ENERGY PRICES,
the main driver behind the rise. If oil holds near
current levels, up about 50% since February, it may boost
consumer prices further.
>>By yearend, says
Dave Rinehimer, head of futures research at Salomon
Smith Barney, CRUDE COULD TRADE AT $20 a barrel, or $2
above today's quote, AS PRODUCER CUTBACKS LOWER
SUPPLIES. But crude and its products are likely to be the
exception, not the rule. The fundamentals of most of the
individual components within the CRB and JOC indexes should
be encouraging to the Fed. While prices are no
longer falling, the upside
for most commodities
markets is limited for now.
there's a strong case to be made that many markets have
bottomed, the price trends may not necessarily be up, but
rather sideways, for a few months. ###
.....will PKD follow?
More confirmation of
"consensus" building re crude from Bloomberg. URL below with
a few excerpts
Energy News/Sun, 13 Jun 1999, 7:19pm EDT/Crude Oil Rises
Sixth Time in Eight Sessions on Expected Boost in
Demand [Headline of Update]
June 11 (Bloomberg) -- Crude oil rose for the
time in eight sessions on expectations that a jump
demand from vacation travelers will help erode U.S.
inventories still larger than a year
>>Rising demand could erode U.S. gasoline inventories that
8.4 million, or 4 percent, higher than a year ago and
percent above their five-year average.
Crude oil inventories are
13 million barrels, or 4
percent, below a year ago as producers
during the past year.
>>Crude oil for July
delivery rose as much as 29 cents, or 1.6
$18.14 a barrel on the New York Mercantile
A close at that price would be the highest in
almost five weeks.
Gasoline for July delivery rose as
much as 0.72 cent, or 1.4
percent, to 52.25 cents a
>>In London, Brent crude oil for July was 20 cents
1.2 percent, at $16.27 a barrel, on the
Exchange. Heating oil for July rose
as much as 0.91 cent, or 2.1
percent, to 43.65
cents a gallon, in New York.
"..., demand for
gasoline so far this year has been
less than expected.
Gasoline consumption dropped by 9 percent
last week to
7.9 million barrels a day, even though the
included Memorial Day weekend, the traditional start of
season, according to the American Petroleum Institute.
first time demand was below 8 million
barrels since the week
>>Still, demand is expected to surge for gasoline this
forcing refiners to bid higher for diminishing supplies
Analysts also expect normal heating oil
demand in the fourth
quarter after two winters that
were warmer than normal.
Mexican Energy Secretary] said that he expects crude oil
prices to rise by as much as $4 a barrel as inventories
are depleted after a year-long glut. Tellez said his
target price for Brent crude was $18 to $20 a barrel.
That would translate into New York crude prices at $20
to $22 a barrel.
>>Tellez, along with
oil ministers from Saudi Arabia and
helped organize a series of pledges last year to
world oil supplies by 7 percent. Prices are up 69
falling to a 12-year low of $10.35 a
barrel for West Texas
Intermediate, the benchmark
crude oil traded in New York.
April 1998, more than 5 million barrels of oil
been cut from daily supplies as part of agreements by
Organization of Petroleum Exporting Countries and
Mexico, Norway, Oman and Russia.
met 91 percent of its promised cuts, according
Bloomberg estimates. Mexico, which agreed to cut 325,000
a day, boasts that it has complied completely and
has reduced its
3 million barrels of daily output
by 11 percent.
>>Prices also have been
rising since Wednesday because of a
by Venezuela's largest oil worker
>>Some traders are buying in case a strike disrupts
and boosts prices.
``We could be in a world of
hurt if there's a strike,'' said
senior vice president of energy risk management
Fimat USA Inc. in New York. ###