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

To: Tom DuBois who wrote (17931)	4/3/1998 2:48:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 95453

Here's a possible explanation for weakness in ESV from the ENSCO thread: The April S&P Investor's Monthly is out with an update on the oil service and drilling sector. Says they expect oil to drop to as low as $12/barrel and that, despite the favorable supply/demand rig situation, this will eventually result in reduced capital expenditures and EPS peak in 1999, which is earlier than anticipated. ESV downgraded from 4 stars to 3. Apparently the April S&P Monthly was written before the OPEC cutbacks were announced. exchange2000.com Baird