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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: pz who wrote (12127)2/19/1998 11:24:00 AM
From: Thean  Read Replies (2) of 95453
 
pz, thanks for the PDE post. Did they beat estimate? The CEO comment is one with positive forward looking statement:

'We are very pleased with our 1997 results,'' said Ray H. Tolson, Chairman and Chief Executive Officer. ''The year was an extraordinary year of transition for Pride, with major acquisitions and divestitures. Since acquiring Forasol-Foramer and the jackup rig fleet during the first half of the year, much of our efforts have been directed toward placing idle assets back into service. In the fourth quarter we began to experience contributions from some of these assets. Over the next few quarters, a number of additional assets will be placed into service, including three tender-assisted rigs, four jackup rigs, two platform rigs, and several international land rigs. Accordingly, we enter 1998 with high expectations.''

GD - did it take you so long to figure out the driller-crude correlation? You're not in denial again are you?
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