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


To: Lucretius who wrote (4906)12/11/1997 11:44:00 PM
From: JHR  Respond to of 95453
 
TBI

Have you heard anything on this one? It was down 15% today and about 45% from its high a couple months ago. It seems to be doing all good stuff like doublung earnings and constantly acquiring more smaller firms. Cant find any news.



To: Lucretius who wrote (4906)12/12/1997 1:24:00 AM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
Lucretious may be known hereafter as "cool hand"...he of the rational approaches in the midst of another downturn...

Hey Cool...even if Texaco buys proven reserves, wouldn't it follow that they must still drill out more holes in the find? it seems that there would always be drillers tapping more in existing fields...Or am I off base?

I'm out in the Pacific so everyone's asleep dreaming of reversal tomorrow...it may happen...S&P up slightly at this hour...



To: Lucretius who wrote (4906)12/12/1997 7:59:00 AM
From: sand wedge  Respond to of 95453
 
how did you shoot?