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

To: The Perfect Hedge who wrote (9184)1/22/1998 10:59:00 AM
From: Broken_Clock  Respond to of 95453
 
GD,
They E&P may onle be modified to an 8% increase(down from 10)...SELL!
Meanwhile ...the beat goes on.I wonder if P engr covered hit short on CDG today.It hit 39.75 for a moment.

On the serious side.I wonder if this slam will help sort out the different participants in the sector a little?SLB had the huge p/e compared to the true drillers.
D...



To: The Perfect Hedge who wrote (9184)1/22/1998 10:59:00 AM
From: mph  Respond to of 95453
 
Glen: That's the excerpt to which I referred. Thanks. mph



To: The Perfect Hedge who wrote (9184)1/22/1998 11:01:00 AM
From: Lazlo Pierce  Read Replies (4) | Respond to of 95453
 
My take on the SLB miss is as follows. From what I've learned on these boards, analysts are in close contact with these companies, constantly updating their estimates. So, a miss by a company like SLB that has its tentacles everywhere in the sector seems to indicate some slowing down at the end of last Q, during the "quiet period". Any thoughts on this?

Dave


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