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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: UC Slug who wrote (4834)1/19/1998 11:04:00 AM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Oil Service: high earnings for: TDW, BJS, MDCO.. DO..WII....RIG..RON..EVI, NE..FLC,BHI...

Earnings for the first 4 are going to be out on Tuesday/Wednesday. The other companies will have to be checked inorder to avoid a pre-report as was the case with KEG. These companies above have the best chance for appreciation. They are at the bottom of their P/E multiple range... and earnings are predicted to explode in the next year.

......consumption rising over the next five years a minimum of 1.8% a year..... that translates into an increase in demand of 10 to 17 million barrels of oil equivalents. ... the inustry must bring to the market 25 million barrels a day of new productiion. That's the equivalent, of another OPEC. .......the oils service boom has years and dollars to go. They ("they" are Simmons & Co, an outfit according to Alan Abelson of Barron's January 19, 1998, that knows everything there is to know about the oil service industry and then some)..proclaim that "a New Era for oil service has arrived and that "not even the simultaneous occurrence of the Asian congagion, higher Irai production and increasd OPEC quotes can hold it back for long..."
courtesy of Barron's January 19, 1998Cancel Changes
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