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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jim_p who wrote (65442)4/28/2000 10:39:00 AM
From: Big Dog  Read Replies (1) of 95453
 
From Lehman this morning on WFT:

We expect a significant pickup in earnings to begin in third quarter of
this year driven by a number of factors: (1) pricing improvements in
drilling & intervention services, completion, and lift; (2) an acceleration
in the international drilling recovery led by Brazil, the North Sea and West
Africa; (3) growth in emerging businesses such as underbalanced drilling and
sand control screens; and (4) the impact of cost reduction efforts in
compression and lift.

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