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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BoNg-N-BoNg who wrote (41969)4/9/1999 1:44:00 PM
From: drsvelte   of 95453
 
Key Energy Services (KEG:NYSE) was down 1/2, or 12.9%, to 3 3/8 after last night warning it sees a third-quarter operating loss of $1.15 to $1.20 a share due, in part, to depressed oil prices. The four-analyst forecast called for a loss of 22 cents vs. the year-ago profit of 35 cents. Key also said it started a recapitalization plan designed to reduce debt, increase shareholder equity and provide additional working capital.
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