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

To: chirodoc who wrote (6198)	12/29/1997 10:51:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Awfully quiet on the thread. I guess the carnage over Christmas quieted down this place. Well. I went on vacation with a one day rally in progress and I come back to a rally. Glad I wasn't here to see the slippage in between! Anybody out there notice green today? On good volume no less? Sure hope today is a sign of things to come. If you're out there Glen, I talked to my cousin-in-law over the holidays. He is a manufacturers' rep for some big pipe companies.He learned the business from his Dad(over 35 years selling pipe). I asked him about EVI for you. He didn't know the company but he knew MAVK. He said the Asia thingy was definitely hurting their pricing. He had just done a big deal with Kelly pipe(a SoCal distributor) but at less price than earlier this year.I don't think that oil pipe is his specialty but they do sell it. He just got word of a $20/ton drop in price from the factories. Overall, business is going to be much tougher this year because of SE Asia(and elsewhere) competition...in his business(FWIW).

To: chirodoc who wrote (6198)	12/29/1997 11:25:00 AM
From: Mel Spivak	Read Replies (1) \| Respond to of 95453

Here's an interesting one, not previously mentioned: Core Labs CRLBF: Core Laboratories Acquires Stim-Lab HOUSTON, Dec. 29 /PRNewswire/ -- Core Laboratories N.V. (Nasdaq-NNM: CRLBF - news) announced that it has completed the acquisition of all the outstanding stock of Stim-Lab, Inc., a privately held Duncan, Oklahoma company, which is a world leader in hydraulic fracturing and well stimulation technologies. The acquisition strengthens Core's ability to offer a full range of production enhancement services. Stim-Lab shareholders received on December 22, 1997 a total of 459,153 shares of Core stock, and the purchase will be accounted for as a pooling of interests. ''The combination of Stim-Lab technologies with those of Core Laboratories and of Scott Pickford and ProTechnics, our other acquisitions, positions us as a global leader in the provision of reservoir description and production enhancement services -- especially services related to well completions, stimulations, and hydraulic fracturing,'' said David M. Demshur, president and CEO of Core Laboratories. Stim-Lab provides leading technological services related to well completion and stimulation. It heads four industry consortia that are evaluating hydraulic fracturing using proppants and gels, acid stimulations, and effective completion practices in horizontal wells. As with previous acquisitions, Core plans to rapidly expand Stim-Lab's presence throughout its international office network. ''We are very excited to be joining Core Laboratories as that will accelerate growth of our technologies at a much more rapid pace than we could accomplish independently,'' said Dr. Glenn S. Penny, president of Stim-Lab. Core Laboratories N.V. is one of the world's leading providers of petroleum reservoir description data and production management services for maximizing hydrocarbon recovery from new and existing fields. The Company is the world's largest provider of petroleum reservoir rock and fluids analyses multi-disciplinary reservoir description studies. Core is also a leading provider of field services evaluating the efficiencies of well completions and stimulations and the effectiveness of enhanced oil recovery projects. In addition, the Company manufactures and sells petroleum reservoir rock and fluid analysis instrumentation and other integrated systems. The Company's outlook is subject to various important cautionary factors as more fully described in Core Laboratories Annual Report to Shareholders and in other securities filings. SOURCE: Core Laboratories N.V.