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

To: pz who wrote (18051)	4/5/1998 9:47:00 AM
From: Snewts	Read Replies (1) \| Respond to of 95453

Paul, thanks for your comments regarding the land drillers. Yes things have slowed down, but I feel that is already reflected in the share prices. I own UTI, BDI, PTEN and NBR. Estimates on three of them have been substantially reduced(UTI from .30 to .24------BDI from .19 to .10-------- and PTEN from .25 to .15) NBR's estimates have only been reduced from .40 to .39, and I believe that may have resulted in NBR's recent price weakness. Am I concerned with earnings just around the corner? Always, but I feel pretty confident about BDI and UTI given reduced expectations and the fact that both are mainly drilling natural gas. Also, someone on this board or AOL recently talked to the CFO at BDI, and he sounded extremely confident that they would meet expectations. Likewise UTI's press release after their last quarter sounded very confident of the future. I am somewhat concerned with PTEN, and very concerned with NBR. I may lighten up on PTEN, and get rid of NBR over the next couple weeks.