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

To: Alias Shrugged who wrote (3826)	11/25/1997 6:47:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

You better believe it baby! The company, as of this morning, still had 8 million shares to buy back. Drsvelte- For the last 2 years the major brokerage firms have been predicting much cheaper oil, and it never happens. Last year about this time, Merrill's top analyst was talking about $15 oil for '97. Well, you know the answer. Key buying back stock at these levels. I'm telling you guys, people are starting to wake up. When a company starts buying back its own stock based on price, there's very little doubt what's really going on hear. Here's a little more good news: NEW YORK, Nov 25 (Reuters) - SBC Warburg Dillon Read said on Tuesday it raised its rating on shares of three oil service companies because of price. Analyst Bryon Dunn raised rating on shares of BJ Services Co <BJS.N> to buy from neutral with a 12- to 18-month price target of $93 per share. Stock fell 1 to 70-5/8. Raised Precision Drilling Corp <PDS.N> to buy from outperform with a $36 per share price target. Stock fell 1-5/16 to 24-9/16. Upgraded Camco International <CAM.N> to buy from outperform with an $81 price target. Stock fell 2-1/4 to 58-3/4. REUTERS Good Luck! -Lucretius