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

To: Czechsinthemail who wrote (12935)	2/26/1998 12:22:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

CNBC segment now hyping the merger game in oil service sector. The reporter's sources tell him there are now over 100 players in the sector and that they expect less than 50 in a couple of years. Of course, the reporter also is saying that oil companies have cut down on exploration expenditures because of the glut of oil. All in all a pretty lame segment.

To: Czechsinthemail who wrote (12935)	2/26/1998 12:32:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Baird, you have taken on my style! I could believe I wrote your post myself!

To: Czechsinthemail who wrote (12935)	2/26/1998 12:50:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

From briefing: Halliburton Co. (HAL) 46 1/8 +2 1/8: --UPDATE-- Morgan Stanley upgrades oilfield services concern from "outperform" to "buy"..... Schlumberger Ltd. (SLB) 75 3/8 +1 3/4: Merrill Lynch reduces its 1998 EPS estimate for oilfield services provider from $3.20 to $3.10 a share based on decline in oil prices..... Halliburton Co. (HAL) 46 3/16 +2 3/16: --UPDATE-- Merrill Lynch lowers its 1998 EPS estimate for oilfield services provider from $2.35 to $2.20 a share based on the view that oil prices will remain weak.....