Strictly: Drilling and oil-field services Message Board

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

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To: Flan who wrote (4180)	12/2/1997 10:25:00 AM
From: james paterson	Read Replies (1) of 95453

Flan, Did they tell you earnings would be out on the 12th? They told me the 15th, but that might have been 2 wks ago. We could certainly use a pleasant surprise. It really is depressing watching profits evaporate. It's even more depressing watching losses increase. This situation is eerily remeniscent of the gold mkt last spring when things started to go wrong. I finally figured out that the decline in prices was more than temporary & preserved some profits by bailing out with gold price around 360. Let's hope that the crude prices stabilize quickly. PDS said they were fine with crude at 17, but the mkt obviously wants more of a cushion. On a bright note ,I noticed that Yahoo has PDS rated #1 in the whole industry---3 strong buys. James

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