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: Think4Yourself who wrote (45111)	5/20/1999 12:43:00 PM
From: RealMuLan	Read Replies (1) of 95453

That article from Bloomberg said <<"New rigs often take longer than expected to build, and many oil companies are now using the delays to get out of contracts and save money, said Byron Dunn, a Warburg Dillon Read analyst. Last month BP Amoco Plc canceled a contract with R&B Falcon, the fourth-largest U.S. driller, because of delays in a $270 million rig upgrade. ''It's a pervasive problem in the industry,'' said Dunn, who rates R&B Falcon shares a ''buy.''>> So I guess this may happen to other driller companies too. This is from Yahoo FLC thread. I guess small investors are always the last one to know. messages.yahoo.com ESTIMATE REVISIONS: FLC: HANIFEN IMHOFF decreased estimate for fiscal year ending 12/99 from $0.09 to $-0.20 on 05/10/99 FLC: HANIFEN IMHOFF decreased estimate for quarter ending 06/99 from $0.65 to $-0.08 on 05/10/99 FLC: HANIFEN IMHOFF decreased estimate for quarter ending 09/99 from $0.70 to $-0.06 on 05/10/99 FLC: HANIFEN IMHOFF decreased estimate for quarter ending 12/99 from $0.73 to $-0.06 on 05/10/99 FLC: JEFFERIES & CO. decreased estimate for fiscal year ending 12/99 from $0.03 to $-0.15 on 05/14/99 FLC: JEFFERIES & CO. decreased estimate for quarter ending 06/99 from $-0.03 to $-0.07 on 05/14/99 FLC: JEFFERIES & CO. decreased estimate for quarter ending 09/99 from $0.00 to $-0.05 on 05/14/99 FLC: JEFFERIES & CO. decreased estimate for quarter ending 12/99 from $0.06 to $-0.04 on 05/14/99 RIG: FIRST UNION CAP decreased estimate for fiscal year ending 12/99 from $2.28 to $2.19 on 05/19/99 RIG: FIRST UNION CAP decreased estimate for quarter ending 06/99 from $0.57 to $0.55 on 05/19/99 RIG: FIRST UNION CAP decreased estimate for quarter ending 12/99 from $0.44 to $0.41 on 05/19/99 VRC: JEFFERIES & CO. decreased estimate for fiscal year ending 12/99 from $1.30 to $0.60 on 05/14/99 VRC: JEFFERIES & CO. decreased estimate for quarter ending 06/99 from $0.37 to $0.16 on 05/14/99 VRC: JEFFERIES & CO. decreased estimate for quarter ending 09/99 from $0.40 to $0.14 on 05/14/99 VRC: JEFFERIES & CO. decreased estimate for quarter ending 12/99 from $0.42 to $0.12 on 05/14/99

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