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

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To: Lazlo Pierce who wrote (9190)1/22/1998 11:12:00 AM
From: bw  Read Replies (1) of 95453
 
David..I agree that SLB is much more difficult for the analysts to predict correct earnings, being a diverse company with more variables. For this very reason, I was expecting them to blow-away the estimates. I sense that we are approaching the more macro correction..and that the Clinton thing is playing into the equation. We now face weakness/paralysis from the White House, Saudi story of "not going it alone" in cutting back production, SLB negative report, DO negative report, crisis in Asia [Indonesia is near collapse], and the big fund money still waiting for the right time to buy into this sector for '98.....Pengr could be an anti-false guru after all.
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