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: bw who wrote (16131)	3/23/1998 2:06:00 PM
From: Teddy	Read Replies (1) of 95453

Upgrades: Monday March 23, 1:46 pm Eastern Time RESEARCH ALERT - Merrill upgrades oil drillers NEW YORK, March 23 (Reuters) - Merrill Lynch said on Monday it raised its rating on shares of oil drilling companies including Global Marine Inc (GLM - news) and Diamond Offshore Drilling Inc (DO - news). -- Global Marine raised to near-term accumulate from neutral and long-term buy from accumulate. Stock gains 1-3/4 to 26-1/8. -- Diamond Offshore raised to near-term buy from accumulate while maintained as long-term buy. Stock up 2 to 49-3/16. -- Transocean Offshore Inc (RIG - news) raised to near-term buy from accumulate while maintained as long-term buy. Stock up 2-14/16 to 52-1/16. -- Santa Fe International Corp (SDC - news) raised to near-term buy from accumulate while kept as long-term buy. Stock gains 3-1/2 to 38-5/8. -- Cooper Cameron Corp (RON - news) raised to near-term buy from accumulate while maintained as long-term buy. Stock up 2-10/16 to 64-7/16.

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