Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (36698)	2/3/1999 7:41:00 PM
From: SargeK	Read Replies (2) of 95453

GIFI Earnings due out tomorrow EBES has estimate of $.11. for the quarter and $1.17 for FY99. What is interesting is if the $.11 cents is accurate that leaves $1.06 for the remaining 3 quarters for an average of $.35+. As indicated in last years annual report earnings during the winter months are typically lower due to shorter day light hours and bad weather.. A lot of their work is performed outside. It appears this year will be no exception. The company is adding capacity and increasing efficiency, having already made two critical acquisitions last year in addition to paying cash for heavy equipment previously leased. No debt and increased capacity indicates the company is POISED for GROWTH with the recovery of crude and natural gas prices. It is not a question of "if", but "when". Nice day for the OSX.. Good luck all. K gulfisland.com

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