Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kodiak_bull who wrote (81388)	12/12/2000 12:39:24 PM
From: kollmhn	Read Replies (1) of 95453

Here's what the company said about PGO splitting:Quotes Tuesday December 12, 8:36 am Eastern Time Norway's PGS says has no plans to split in two OSLO, Dec 12 (Reuters) - Norwegian oil and gas services firm Petroleum Geo-Services (PGS) (NYSE:PGO - news) said on Tuesday it had not plans to divide the company into two separate units. Earlier PGS shares jumped 11 percent on speculation the company would split into separate floating platform production and seismic operations units. ``These are the two areas we are focusing on and we hope in the future to achieve greater synergies than we have done before,'' spokesman Erik Hokholt told Reuters. PGS shares, which only last week hit a two-year low of 88 Norwegian crowns on concerns over future earnings, and earlier today hit a high of 104 crowns, were last up 8.6 percent at 101 crowns.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next