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: articwarrior who wrote (51557)	9/21/1999 3:32:00 PM
From: Think4Yourself	Read Replies (1) of 95453

Oil Industry Profits Rise as Crude Doubles: Industry Outlook quote.bloomberg.com "Oil explorers are expected to have the biggest third-quarter profit gains of any industry group in the Standard & Poor's 500 Index, analysts say" ... "The rise in oil prices has yet to boost the earnings of companies that rent out drilling rigs and sell exploration equipment. Analysts expect Halliburton Co., Schlumberger Ltd., and Baker Hughes Inc., the three largest oil-service companies, to report profit declines of 55 percent to 80 percent."

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