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Gold/Mining/Energy : HYDUKE Capitol Resources HYD

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To: oilmaster who wrote (61)	12/8/1998 1:40:00 PM
From: Keith Utz	Read Replies (1) of 135

Just got off the phone with John Babic. According to him the 3rd quarter will show a profit and they anticipate no problem weathering the current slowdown. Oil companies are holding off on servicing their rigs but their shop is still busy due to natural gas business. Once oil prices increase they will have more work than they can handle since eventually the rigs willl have to be seviced. They will delay making acquisitions, however, because there would be too much dulition at their current stock price. The .45 price was a fluke..now selling at .89. Keith

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