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: jim_p who wrote (65344)	4/27/2000 8:24:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

CAM reports. Some interesting remarks on subsea work. biz.yahoo.com Erikson said that the increase in Cameron's revenues from the fourth quarter to the first provides further confirmation that Cameron's business bottomed during 1999 and is beginning to benefit from recovering energy markets. ``In particular, Cameron's Western Hemisphere activity-which generally reflects shorter cycle, quick-turn business-posted healthy increases during the quarter,'' Erikson said. ``Oil and natural gas prices should fuel continued growth in North American exploration and production spending, with international markets currently expected to rebound during the second half of 2000. We are particularly encouraged by the current level of subsea bidding activity, which is the highest we've ever seen,'' he said. ``As a recovery unfolds, we expect Cameron to reap increasing benefits from the extensive productivity improvement and cost reduction measures initiated during the previous cycle.''