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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 (9312)	1/22/1998 7:45:00 PM
From: Bazmataz	Respond to of 95453

Can someone post what GLM CEO said on NBR tonight? I'm still at work and couldn't watch. Anyone? Bueller? Anyone? Bueller? BC

To: The Perfect Hedge who wrote (9312)	1/22/1998 7:45:00 PM
From: John Carpenter	Read Replies (2) \| Respond to of 95453

I think that SLB has a communication problem with its investors period. Many on this thread as well as some analysts have noted that SLB is particularly HUSH, HUSH. Try calling SLB- these guys won't provide any specifics at all. They won't disclose day rates(even to analysts they say). They won't give any specifics on business conditions. So rumour/innuendo and misinterpretation results. Remember a few weeks ago the rumor that SLB secured a contract at a "below market rate." Even though the rumour was false, the stock reacted. I know SLB doesn't want to get sued-but they should at least speak with one voice to the investment community.

To: The Perfect Hedge who wrote (9312)	1/22/1998 7:47:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 95453

Hey Glen , if I've only lost 4,000 it's still considered a hobby isn't it ?

To: The Perfect Hedge who wrote (9312)	1/22/1998 8:19:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

I agree with your sentiment. SLB botched their press release big time if indeed they believe the clarification issued: The company confirmed this afternoon that its clients could move either way, and not just down. When combined with the comparison of earnings against the wrong benchmark (which it should have anticipated), this is the mother of all faux pas. The $3B loss of market cap was for SLB alone. If we look at what it did to all drillers, it might account for ten times as much as SLB's loss of market cap. And why did SLB wait 'till after the market close to issue the clarification? Hopefully the media will pick up these clarification and, hopefully, undo some of the damage. Tulvio