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Technology Stocks : Key Energy, Pool Energy
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To: Rick Slemmer who wrote (11)7/14/1997 1:08:00 PM
From: Flan   of 36
 
Thanks for the info - I think Lehman is jumping on this thing to get a piece of any M&A work etc that may be in the future - From the recent spat of aquisitons I would expect this to continue into the future. Also I have been hearing very positive things about spot rate prices for the drill rigs - they are up significantly in the last couple of months which for a company like keg means a much better bottom line ( depending on how many contracts rollover to new rates)

Concerned though at the drop in oil prices over the last few weeks - oil prices are currently barely holding 19 which is a very important level. I am very surprised that the oil/service sector has held up so well - still looking for 25 target in two months
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