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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (2433)10/22/1997 9:47:00 PM
From: Bob A Louie  Read Replies (2) of 95453
 
Mike,

I called GW last week and asked to be put on their mail/fax list. I just got their fax. Here's the deal:

GW had net income of $2.7M or .02/sh compared to $0.8M or .01/sh in 1996

3 Q revs were $63.8M vs $22M in 96

Yesterday GW closed the acquisition of 9 drilling rigs as part of the 12 rigs to be acquired from Justiss Oil Co.

If you read the last post from The Street.com::

"The fundamentals are playing out like deep-water a few years ago. Land drilling companies are in a much earlier inning of the ball game."

Bill
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