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: Think4Yourself who wrote (58664)	1/18/2000 4:45:00 PM
From: Tomas	Read Replies (2) \| Respond to of 95453

Oilfield Shares Rise on Crude, Earnings; Led by Global Marine - Bloomberg By Maura Webber New York, Jan. 18, 15:49 (Bloomberg) -- Oilfield-service company stocks rose, led by Global Marine Inc. and Halliburton Co., as better-than-expected earnings and rising crude-oil prices signalled that the group's profits may improve. Global Marine, the second-largest U.S. driller, rose 1 3/4 to 19 1/2 in late trading, after reporting fourth-quarter earnings of 6 cents a share, just above the 5-cent average estimate of analysts surveyed by First Call/Thomson Financial. Halliburton, the largest oilfield-service company, rose 2 7/8 to 41 7/16. Crude oil on the New York Mercantile Exchange rose 68 cents to $28.70 a barrel as the world's top producers restrain supply. Exploration companies are expected to spend more this year, boosting oil-service company sales. ``The tide is turning from a negative industry environment to one where you're starting to get some signs of hope,' said Kurt Hallead, a Merrill Lynch Global Securities analyst. The Philadelphia Oil Service Sector Index of 15 companies rose 5.51, or 6.2 percent, to reach a new 52-week high of 94.11. The index touched a 52-week low of 47.1 on March 1. Today's gainers included Schlumberger Ltd., the No. 2 oilfield-service company, which rose 5 to 66 1/2 in late trading; BJ Services Co., up 3 11/16 to 50; Cooper Cameron Corp., up 3 7/16 to 51; and Weatherford International Inc., up 2 1/4 to 42 5/8. Houston-based Global Marine's fourth-quarter net income fell 69 percent to $10.7 million, or 6 cents, from $34.5 million, or 20 cents, in the year-earlier period as lagging demand for its rigs cut rental rates. Still, investors are optimistic about future earnings, analysts said.

To: Think4Yourself who wrote (58664)	1/18/2000 5:58:00 PM
From: Tomas	Respond to of 95453

If solar magnetism is to blame, as research suggests, then "global warming" is just a cyclical phenomena. The planet went through a "little ice age" during the 17th Century, at a time when very few sunspots appeared on the surface of the Sun. And the so-called "medieval maximum" was a period of warmer than average global weather in the 12th Century. Astronomers believe that the Sun was slightly brighter at that time."