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

To: Steven Dopp who wrote (14196)	3/9/1998 3:58:00 PM
From: chuck weir	Respond to of 95453

Stock club purchase now? You might consider waiting for a bit; the strictly driller composite index gave a sell signal at fridays close of business; (stochastic dropped below 80).

To: Steven Dopp who wrote (14196)	3/9/1998 7:39:00 PM
From: Teddy	Read Replies (1) \| Respond to of 95453

RE: My stock club is looking to purchase an oil driller or oil-field services company. Wow Steven, purchasing a whole company is a pretty big goal for a club. Maybe you should start by buying a few shares of their stock and build up.<G> ... which companies in the drilling and oil-field services sector are known for having the most conservative accounting practices and the most honest CEO/Board of Directors? I would have to say Noble Drilling. CEO James Day is respected as one of the best business men in the industry. Get a hold of their 1996 Annual Report, I'm sure you will agree that their decision to dispose of non-core assets and increase their Deep Water exposure through upgrades (rather than new builds) will result in significant increase in earnings over the next few years and strengthened the Balance Sheet. noblecorp.com Diamond Offshore Drilling recently announced that Robert E. Rose, president, chief executive and a director, quit. Diamond said he left "to pursue another opportunity," but wasn't more specific. The company said Lawrence R. Dickerson, currently chief financial officer, will succeed Mr. Rose as president and take on the title of chief operating officer. Diamond said Mr. Dickerson also will become a director. The company said its chairman, James S. Tisch, will take over the title of CEO. Sounds like a plan. Global Marine's president and chief operating officer, John G. Ryan, officer underwent surgery on Feb. 9 to remove a brain tumor. He has been discharged and is recovering at home on medical leave. Global Marine said the "course and length" of Mr. Ryan's treatment "have not been determined" but called his recovery and test results so far "encouraging." The company said its chairman and chief executive officer, C. Russell Luigs, is handling Mr. Ryan's duties during his medical leave. I guess they don't do much all day, so one guy should be able to handle it. Oh, you might want to check the criminal records of some of the other people in the oil patch. While most have only been arrested for drunk and disorderly conduct, a few were tarred, feathered and run out of town on a rail during the 1980s slowdown after they lost a few rigs in a poker game.