Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: double-plus-good who wrote (50517)	9/7/1999 1:01:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

FWIW, I sold BELW to buy MEXP recently after comparing their production, debt, and prospects going forward.

To: double-plus-good who wrote (50517)	9/7/1999 1:07:00 PM
From: The Ox	Respond to of 95453

Baker Hughes to Record $4 Mln Gain After Texas Property Sale Houston, Sept. 7 (Bloomberg) -- Baker Hughes Inc., the third- largest oil-field service company, said it will record a gain of about $4 million, or 1 cent a share, in the third quarter after selling a Texas property. Houston-based Baker Hughes was expected to earn 6 cents a share, the average estimate of analysts polled by First Call Corp. Baker Hughes had a profit of 20 cents in the year-ago quarter. The company said it completed the sale of property in Las Colinas, Texas, near Dallas, for about $20 million in cash. It plans to use the proceeds to reduce debt. Baker has said it expects to cut costs in 1999 by about $900 million compared with the year earlier. Oil-field companies have been hurt by spending cutbacks caused by low oil prices. Crude touched a 12-year low in December before rallying in March. Shares of Baker rose 5/8 to 33 7/16 Friday. Sep/07/1999 9:32