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: Bill Hyres who wrote (13)	1/26/1997 11:30:00 AM
From: jian xu	of 95453

(NASDAQ:MDCO) FY97 upped Reuters, Friday, January 24, 1997 at 17:08 -- Hanifen Imhoff Inc said Friday it raised its fiscal 1997 earnings estimate for Marine Drilling Cos Inc to $1.20 from $1.15 to reflect a higher dayrate beginning in mid-March and the company's pursual of several opportunistic rig purchases. -- Hanifen said Marine Drilling also signed three favorable contracts for its rigs. -- It said the company is flush with capital to fund both new purchases as well as its current rig upgrade plan, Hanifen said, adding that it believes an acquisition announcement could be pending in the first quarter. -- Marine Drilllng is a contractor of oil and gas rigs. -- Its shares closed up 3/8 Friday at 18-3/4. Copyright 1997, Reuters News Service Companies or Securities discussed in this article: Symbol Name NASDAQ:MDCO Marine Drilling

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