Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: drsvelte who wrote (33410)	12/23/1998 9:35:00 AM
From: Platter	Read Replies (1) of 95453

Merger/acquistion activity may increase.Excerpt from II online.."It's way too early to be looking for earnings growth in any of the sectors (with the possible exception of deepwater drillers due to the long-term contracts they command) and while we hesitate to recommend investment in a sector due to take-over potential, this is the area in which investors will realize gains in the near-term. Bottom Line: Look for the industry-wide consolidation trend to continue with companies ranging from integrated oils like Texaco (NYSE: TX) to offshore drillers like Marine Drilling (MYSE: MRL) to service providers like Trico Marine (NASDAQ: TMAR) appearing to be likely targets for takeovers."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next