daily rates jackups john claudio put together spreadsheet cheking change composed jackup index change individual categories jackups semis weighted index think benefit simpler index price calculation taking straight average results show good r square general index individual jackup categories range 0 7 0 8 one category displayed poor r square 0 3 semis 4 tht 5 th generation however noticed degradation hedge effectiveness r squares 0 2 0 3 may verify regression changing choice cell ax 2 analysis claudio also starting analyze gas crude past moving averages 12 month swaps gas crude rigs utilization explains daily rates forward results soon finish please call claudio questions paulo issler