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Gold/Mining/Energy : Nabors Industries(NBR) -- Ignore unavailable to you. Want to Upgrade?

To: Don Westermeyer who wrote (13)	3/1/1998 12:31:00 PM
From: Jim Lou	Respond to of 174

Don, thanks for the post. Isenberg was indeed optimistic about earnings (from SmartMoney link you provided smartmoney.com ): >Isenberg, who owns about 8% of the company, says that oil prices have not hurt the bottom line as much as the market seems to think. "We're affected by that, but nothing nearly as traumatic as the stock drop indicates," he says. "I think we'll meet revised consensus estimates and there's a good chance we'll do better." < I was reading Scientific American today. Half of this issue is on oil drilling. One article predicts rise of oil prices due to lack of reserves which have been overstated by MidEast countries in order to increase export quota.