Global Santa Fe (GSF) (formerly Global Marine) Message Board

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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: Heretic who wrote (1503)	5/9/1999 2:09:00 PM
From: Ram Seetharaman	Read Replies (1) of 2282

HOPE GLM REACHES ITS OLD HIGH, NOW THAT SLB IS GOING FOR THAT HIGH! WHY NOT BUY GLM WITH THAT $ 4 BILLION CASH AND MAKE IT ONE NICE HAPPY FAMILY! Sunday May 9, 1:24 pm Eastern Time Schlumberger shrs seen returning to highs NEW YORK, May 9 (Reuters) - Shares of Schlumberger Ltd., the world's second largest oilfield services company, could return to their old highs in the low 90's now that oil prices are rebounding, Barron's reports in its May 10 edition. ''There's no reason to think Schlumberger can't get back on track for 20-30 percent growth, and its shares could go back to their old highs,'' Wayne Nordberg, vice chairmen of Keefe Bruyette & Woods Asset Management, told the financial weekly. The Houston-based company's shares closed down 56 cents at $62.63 Friday on the New York Stock Exchange. Its shares had reached the low 90s during 1997 when the operating environment was stronger, the weekly said. Barron's also said Schlumberger has about $4 billion in cash, but it said the company declined comment on its plans for spending the stash, if any.

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