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: Lucretius who wrote (20047)	4/22/1998 5:26:00 PM
From: Teddy	Read Replies (3) of 95453

Luc, don't go making excuses for NE: Day's statement knocked over $1 Billion off SLoB's market cap in half an hour. That damn NE ruined the whole sector for at least six months, maybe forever. I think everyone that is invested in any oil related stocks should sue him. He should be ashamed of himself: "Obviously we're pleased with the quarter's results and are sanguine about the longer term markets as our EVA-4000(TM) refurbishment efforts continue on time and on budget." The operating results of contract drilling services continued their strong performance in the first quarter of 1998 are due primarily to increases in average dayrates and the reactivation of the Noble Leonard Jones. Noble's platform management operations in the North Sea and Eastern Canada also experienced continued strong performance in the quarter due to a higher number of operating days and higher average labor contract dayrates. That's the last good quarter... it all down hill from here.

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