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

To: Lucretius who wrote (3035)	11/18/1997 10:01:00 AM
From: JGreg	Respond to of 95453

CNBC- Fund manager for St. Street Natural Resources Fund (I think) was asked if energy sector was "yesterday's news." He indicated another 4-5 yrs. left in the run. Said they were holding NE. Was asked the current popular question, "With limited capacity (no new rigs), aren't the drillers limited in pricing power?" Answer, "No, they can continue to increase day rates." This seems to be where the debate is right now. >>Coflexip (CXIPY) 59 3/4 +5 3/8: Today, issue up sharply after the French oilfield services company reported another blow-out qtr. For the period, earnings rose to $1.12 a share, topping the Wall Street estimates of $0.68-$0.71.<< Anyone familiar with this one?