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: Fun-da-Mental#1 who wrote (48086)	7/16/1999 11:59:00 AM
From: double-plus-good	Read Replies (1) of 95453

FDM -- will try again on Carlson. I was using the sidebar to the left which kept bringing up the news. Looks like Tesco still has legs. Earnings were as expected. They have cut costs impressively and their tech program "casing drilling" is on track. The way the Canadian drillers are performing Tesco is bound for better performance. Hope you didn't get shaken out. I sold a little on the earnings runup but still hold 3/4 position. RE: EEE -- i don't concern myself very much with earnings for enp stocks. cash flow is still positive though reduced from previous quarters. it is a company that will live or die by the bit. looks like a special situation to me. someone big wanted out of the stock and just kept selling. news on approval for drilling this week and indications that the seller is finished could be the impetus for a nice reversal. not for the faint of heart -- but so far it looks like i timed the falling knife pretty well. we'll see. ++good

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