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: The Perfect Hedge who wrote (9196)	1/22/1998 12:33:00 PM
From: Lucretius	Read Replies (2) of 95453

Before everyone panics, let's all remember what SLB does: they have many business segments besides oil service. The conference call will be telling more so than the earnings so we can determine what caused the shortfall. The quote from the press release: GEEEEEEEEEE, AS IF WE DIDN'T KNOW THAT ALREADY!!! Get a grip, we're seeing panic selling on news which the mkt was aware of in Oct of '97. If oil coninues to decline, E&P co's will cut budgets! SLB is ponting out the obvious. The sky is not falling. Those w/ more than a hour by hour target will prevail IMHO. I still haven't lost a dime in NE. My recent buys are even profitable at $23 and $24. Something to think about? Good Luck! -Lucretius

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