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

To: Angela who wrote (6507)	1/3/1998 7:45:00 AM
From: Teddy	Respond to of 95453

Noble Drilling (NE-NYSE) by Rauscher Pierce Refsnes (26 1/2 , Dec. 23) Buy. The recent pullback of the whole offshore drilling group has provided an excellent opportunity to enter the sector, and we would highly recommend Noble at the current stock-price level. Tidewater (TDW-NYSE) by Rauscher Pierce Refsnes (53 9/16, Dec. 22) The long-awaited divestiture of Tidewater's compression business appears to be on the verge of completion. The price results in a gain to the company, as well as a boost to management focus and a slight boost to earnings. Support-vessel demand is higher than the industry has seen in over 15 years. Even with the current level of new construction-about 50 boats out of a worldwide total of more than 2,000-a shortfall is expected. Buy.