Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: waverider who wrote (14750)	3/13/1998 1:58:00 PM
From: Teddy	Read Replies (4) of 95453

RESEARCH ALERT - Oil drillers downgraded NEW YORK, March 13 (Reuters) - Jefferies said on Friday it lowered its rating on shares of Western Atlas Inc (WAI - news), Tidewater Inc (TDW - news) and Schlumberger Ltd (SLB - news). -- Analyst Roderick McKenzie Jr cuts Western Atlas to hold from buy, believing shares are fairly valued at 29.5 times 1998 earnings. Stock down 7/8 to 76. -- Tidewater was cut to accumulate from buy based on a revised short-term crude oil outlook. Stock down 1/16 to 44. -- Schlumberger lowered to accumulate from buy due to reduction in oil price forecast for 1998 and 1999 and higher share valuation, he said. Stock up 1/16 to 70-15/16.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next