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

To: Czechsinthemail who wrote (13622)	3/4/1998 5:15:00 PM
From: Redman	Read Replies (1) \| Respond to of 95453

Look at the time stamp on this announcement. You would think they have the capability to get updated news since they report current news. green Wednesday March 4, 4:48 pm Eastern Time ADR REPORT -Drillers mixed amid merger speculation By Ian Simpson NEW YORK, March 4 (Reuters) - Oilfield service American Depositary Receipts (ADRs) and foreign shares were mixed Wednesday amid merger speculation. Dealers described the overall market as quiet as European markets eased and the Dow Jones Industrial Average fell 73 points to 8511. "It is completely calm, quiet and dull," a trader said. Drilling ADRs and shares were mixed amid market talk that oil services company Weatherford Enterra Inc (WII - news) could be the target of a takeover bid or merger. Analysts have named Franco-American driller Schlumberger Ltd (SLB - news) as a potential bidder. Schlumberger was off 1-1/16 to 77-7/8 in moderate trade. France's Coflexip (CXIPY - news; CXIP.PA) rose 12/16 to 53-13/16 and Bouygues Offshore SA (BWG - news; BOUY.PA) eased 5/16 to 19-3/8. Norway's Smedvig A/S (SMEO.OL) (SMVb - news) rose 3/4 to 21-3/4. Among other active issues, British utilities National Power Plc (quote from Yahoo! UK & Ireland: NPR.L; NP - news) fell 4-5/8, or 11.6 percent, to 35-1/4 and PowerGen Plc (quote from Yahoo! UK & Ireland: PWG.L; PWG - news) dropped 2-15/16 to 50-1/2 amid worries about their margins. Goldman Sachs cut its rating for National Power to market performer from market outperformer. The companies were down in light trade and among percentage-loss leaders on the New York Stock Exchange, with National Power topping the list. Telefonica de Espana (TEF.MC) (TEF - news) fell 3-7/8 to 102-5/8 in New York Stock Exchange trading after the company said delay in rejiggering its rates would have a ''negative impact.'' ADRs allow U.S. trade of foreign shares.