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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: cAPSLOCK who wrote (2348)	1/23/1998 7:05:00 AM
From: M. M. Jones	Respond to of 4736

Here's some info. ;-) Shouldn't really affect NAMX at this price and if they have the product they say they have, and I don't see how it would affect the market for helium. ========== The Asian economic situation also unsettled investors again after the plunging Indonesian rupiah dragged down markets across the region. Oil drilling stocks were among the hardest hit. The group was clipped by a sharp drop in the price of oil and disappointing earnings from industry heavyweight Schlumberger Ltd. Schlumberger reported lower-than-expected quarterly earnings and said its customers' plans to increase exploration and development spending may be modified when the impact of Asia's economic problems on oil demand becomes more clear. Schlumberger stock fell 9-3/4 to 71-3/4. Halliburton Co. fell 3-7/8 at 44-1/4, Parker Drilling Co. dropped 1-1/16 to 11-7/8 and Global Marine Inc. shed 1-13/16 to 22-11/16. Oil closed 32 cents lower at $16.04 a barrel on the New York Mercantile Exchange after sliding early to $15.90, lowest since the week of April 15, 1994. Oil markets were jarred by an oil inventry report showing surging U.S. oil supplies. Analysts said that with all the uncertainties clouding the horizon, the stock market was unlikely to break out of a trading range that has gripped Wall Street since the summer. ======= M.M.