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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.705+0.9%10:53 AM EST
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To: david james who wrote (2566)6/26/1998 2:43:00 PM
From: Nero  Read Replies (1) of 2841
 
Oil service sector is just getting clobbered this week. ECGOF is more diversified than most and these latest hits are perhaps particularly unwarranted. Jefferies & Co. just downgraded a slew of oil service companies, but qualified their outlook with:

. . . land and shallow-water markets have the biggest near-term risks, while there will be few changes in demand from deepwater projects.

Which would insulate ECGOF's interest in the Sable Offshore Project.

Here's the Jefferies link:

biz.yahoo.com
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