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


To: Big Dog who wrote (8339)1/15/1998 9:30:00 PM
From: The Perfect Hedge  Respond to of 95453
 
From the Motley Fool:
The only other news of note comes from the oil patch where oil service
stocks continue to confound. Tidewater (NYSE: TDW) was down
$12/16 today in spite of all sorts of news which could be construed to be
bullish. Maverick Tube (Nasdaq: MAVK) was taken out and shot after
reporting earnings ahead of estimates, lower steel prices (good news) and
that they saw no sign of a decrease in orders. Who can figure. Global
Marine (NYSE: GLM) bested estimates (after accounting for one time
charges) as well. Drill bit maker Smith International (NYSE: SII)
received an upgrade from SBC Warburg today as well. On top of that
good news December Oil futures traded well above $18 per barrel even
though the near contract fetched only $16.33. If anyone can figure this out,
post your reasoning over on the Boring Stocks message board. I'd love to
hear it.

On a sad note a Tidewater boat collided with a boat carrying 6 duck
hunters in a stormy Louisiana bayou. Among the six were the head of
sports marketing for RJR and a former CEO of Gulf & Western