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

To: Think4Yourself who wrote (72098)	8/31/2000 1:10:56 PM
From: warren harris	Respond to of 95453

Also: RESEARCH ALERT - Oceaneering Int'l started at buy NEW YORK, Aug 31 (Reuters) - Lehman Brothers on Thursday initiated coverage of offshore energy services provider Oceaneering International Inc. (NYSE: OII) as a buy. -- set 12-month price target of $25. -- Lehman said that given a lagging stock price and the company's "leverage to the anticipated robust deepwater drilling recovery, (it) believes that this is a good time to get into the stock." -- said a trend toward increased deepwater and ultra-deepwater drilling and production supports Lehman's optimistic view of the company's prospects. -- said while deepwater drilling has been lagging the industry recovery, Lehman expects an acceleration in activity in the coming years. -- forecast earnings estimates of $0.60, $1.20, $1.70 and $2.00 per share for fiscal 2001, 2002, 2003 and 2004, respectively. The company's Nasdaq-traded shares closed at $15-9/16 on Wednesday. They have a 52-week high of $22-1/2 and a low of $12-1/8.