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


To: Thean who wrote (2517)10/27/1997 4:12:00 PM
From: David Spruiell  Respond to of 95453
 
Did crude or heating oil prices change? I usually use OilWorld.com to keep up with the price. Their last price was posted for last Friday.
I saw MDCO drop a dollar and lept at the opportunity. Went long and even bought more at $30 when the Dow seemed to be coming back.
I will be watching the foreign markets tonight for direction tomorrow.
I do feel that the oil drillers should be stronger than the tech. sector. Healthcare should be weak, Financials should be weak.
Maybe the El Nino will drive heating oil prices up.
I'm going out to eat and to a movie tonight.
Best luck
David



To: Thean who wrote (2517)10/27/1997 5:52:00 PM
From: NightClub  Respond to of 95453
 
BJ Services' Fourth Quarter Earnings Per Share Grow 109% to $.94

HOUSTON, Oct. 27 /PRNewswire/ -- BJ Services Company (NYSE:BJS) reported record revenue and profits for the
quarter and fiscal year ended September 30, 1997. Revenue for the quarter was $413.9 million and net income was $39.6
million, which represent increases of 23% and 122%, respectively, over prior year's fourth fiscal quarter. Fully diluted EPS
increased to $.94 per share, more than double the prior year's fourth fiscal quarter and up 84% excluding prior year's unusual
charges related to the Nowsco acquisition. The Company attributed the improvement primarily to the continuing recovery in the
North American market and improved pricing.

Zacks estimates were for $.84, so BJS exceeded by $.10

BJS down $4.50 today

Tom



To: Thean who wrote (2517)10/31/1997 12:02:00 PM
From: JGreg  Read Replies (2) | Respond to of 95453
 
Thean, or anyone:
What do you think of PKD's prospects? They seem to be aiming at a niche strategy of very shallow offshore, as well as their other interests. What kink of upside potential do you think they have with this "rising tide?" I know for a while even though the "future" was with the deep drillers, the momentum was with jackups.