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

To: rz who wrote (71162)	8/18/2000 11:53:22 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

Just listened to TESOF's con call: 2nd qtr was negatively impacted for two main reasons: 1. Later than expected spring breakup in Canada 2. Slow intl orders for top drives. 3. Still the co did .01 v -.04 yoy. Future prospects are very bright - very soon. 1. Pricing for top drives BOTTOMED in the 2nd q. 2. Intl. orders picking up smartly. $30 mil to Mexico alone. 3. June saw sharp pickup in orders for top drives. Further out - 01. 1. All tools will be ready to commercialize casing drilling 2. Big casing drilling project w Shell in North Sea to start in Jan. Bottom line: Third and fourth q's will be VERY strong. '01 will be even stronger as intl work and casing drilling get going. This is still very much a Boom 2000 story, NOT a defered boom 2001 story. The fireworks are starting right now.