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To: Lois R who wrote (6294)12/30/1997 4:01:00 PM
From: Redman  Read Replies (2) | Respond to of 95453
 
All the big boys (slb, hal, bjs) closed at their highs for the day. This could be very encouraging for tomorrow.

green



To: Lois R who wrote (6294)12/30/1997 4:10:00 PM
From: Lazlo Pierce  Read Replies (1) | Respond to of 95453
 
Lois, You are amazing. You posted the info here yesterday that they were meeting to autherize a split, and they did. I was long from yesterday, and bought some more today before the huge runup. Thank you for your diligence. The info was here for everyone. Great Thread!
**********************
To: chirodoc (6197 )
From: Lois R Monday, Dec 29 1997 7:19PM EST
Reply # of 6297

From Patterson's DEFS14A report from Edgars (Dec. 8, 1997)

Notice is hereby given that a Special Meeting of Stockholders (the "Meeting") of Patterson Energy, In etc............Tuesday, Dec. 30, 1997 10:00 A.M. local time, for the following purposes:

1) To consider and vote upon a proposal to amend Patterson's Restated Certificate of Inc. to increase its authorized Common Stock from 18,000,000 shares to 50,000,000 shares, with a significant number of the increased shares being used to effect a two-for-one stock split of the Co.'s Common Stock payable through a stock dividend........


SNYDER, Texas--(BUSINESS WIRE)--Dec. 30, 1997--Patterson Energy, Inc. (NASDAQ/NM: PTEN) announced today that the Board of Directors of Patterson has approved a 2-for-1 stock split of its Common Stock, $.01 Par Value, to stockholders of record on January 9, 1998, to be distributed on January 23, 1998. As a result of the stock split, each stockholder of Patterson will receive an additional share of Common Stock for each share owned on the record date. Based on the number of shares of Common Stock currently outstanding (15,764,846 shares), the number of shares of Common Stock to be outstanding on the distribution date (January 23, 1998) will be 31,529,692
shares.
*******



To: Lois R who wrote (6294)12/30/1997 4:11:00 PM
From: Broken_Clock  Respond to of 95453
 
Well, my goodness!That's what I call a finish...SLB up $3 in 30 minutes to finish +$4.06. Both it and HAL finished on the high for the day! Gotta be gappin' up tomorrow.

Thean, I haven't checked the final tally for the sector, but today you got your 3% up on SLB.

I would expect that the slow dogs today(my GW...wah!) will get with the program tomorrow.

Dave



To: Lois R who wrote (6294)12/30/1997 4:44:00 PM
From: Jeffrey Beckman  Read Replies (1) | Respond to of 95453
 
Lois, I haven't seen the list w/KEG supposedly under distribution, but do follow accumulation/distribution via Worden Brothers, "Balance of Power" indicator of Telechart 2000. It's supposed to measure systematic accumulation/distribution. KEG's readings have been mostly moderate sized green bars, with some neutral yellow readings
for the last day or two. Nothing indicative of distribution.

Hail PTEN!

Jeff