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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ed Ajootian who wrote (28751)1/5/2004 6:49:08 AM
From: aerosappy  Read Replies (3) of 206306
 
<<Elsewhere from the brokers, UBS downgraded its opinion on a slate of oil services stocks, citing valuation among other reasons. The broker cut its ratings on CAM, SLB, NBR, NE, and TORC to neutrals from buys.

"We do not expect companies to beat earnings estimates in the fourth quarter of 2003," the broker said. "In fact, we are concerned that companies will struggle to meet expectations, especially offshore drilling companies as offshore activity has been somewhat weaker than expected.">>

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