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: Big Dog who wrote (31028)	10/22/1998 8:04:00 PM
From: Grommit	Read Replies (1) of 95453

HMAR 1999 EPS lowered and my opinion: I am away for a week and come back to an OSX rally. I am not amused that I missed it but I will not get sucked in again. Dog, I think you are right. Fundamentals are not changing in oil, and asia and other economies are at risk, so I do not think this rally is due to change in outlook there. Here is another halving of EPS estimate for 1999: HMAR: Major Broker decreased estimate for fiscal year ending 12/99 from $1.75 to $0.99 on 10/16/98. BTW, the consensus 1999 EPS estimate was 2.84 in April of this year -- 6 months ago. I am sick of having my results depend on OPEC, and world wide economic activity. There are lower risk bets around. Good luck to all. Enjoy the moment (um).

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