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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (52985)	10/14/1999 1:06:00 PM
From: oilbabe	Read Replies (1) \| Respond to of 95453

Just for you Slider: RESEARCH ALERT -Rowan Cos raised to long-term buy NEW YORK, Oct 14 (Reuters) - Merrill Lynch said on Thursday it raised its rating of oil services company Rowan Cos. Inc. (NYSE:RDC - news) to long-term buy from accumulate. -- Earnings for 1999 diluted are $0.18; Market Cap. are $1,276 million. Also Jeffries reiterated BUY and keeps target of $24.00 -- Merrill is upgrading Rowan based on strong EPS growth prospects, E&P spending outlook (more than 15 percent in 2000), and higher Gulf of Mexico drilling activity and pricing. -- Merrill's 12-18 month price objective is $30, or 20 times its 2001 estimates CFPS of $1.50, the same multiple at which the stock traded during the previous upswing in 1996. -- Rowan has a strong EPS growth, Merrill said. Its 2001 earnings is $0.75 up from $0.10 in 2000 and diluted $0.18 in 1999. Near term upside depends on the Gorilla V and the rate of change in Gulf of Mexico pricing (17 of its 23 jackups are in the GOM). -- Merrill estimates peak EPS of $2.86 vs. $1.76 in 1997. Based on historic trading multiples, stock could exceed $45 in next cycle. -- Rowan offered 10 million shares to pay down debt (26 percent debt/cap post deal). Given the deal, Merrill said Rowan's stock price will be capped and so is maintaining near term Accumulate. Merrill would be buyer on the deal at a price of $15 or better, and it expects the deal to close in the fourth quarter 1999. -- Rowan shares were up 7/8 at 15-9/16 on the New York Stock Exchange.

To: SliderOnTheBlack who wrote (52985)	10/14/1999 1:15:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

(OT) Slider...can your rephrase that in less than 100 words? You're the one with the problem. I'm tired of your insults, your jibes, your "I never once get it wrong" attitude. Your not so subtle attack and BS on TMR brought on my wrath. I'll go back and check the posts again regarding EEX if I have time to waste. My ankle biting is minor compared to your axe wielding. If something is moving on heavy volume then I guess that's not important is it? I don't own any BR for the record, just APC. You truely dish it out...but you can never take it. I guess I should use those silly <VBG> Hoooo Haaaaaa and then you'd know it was mostly in jest. As for calling me a liar I'd put my intregity/honesty against yours any day. Your analysis may be good, but your character flaws are many.