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

To: drsvelte who wrote (18808)	4/12/1998 4:08:00 PM
From: Douglas V. Fant	Respond to of 95453

drsvelte, Hey where yat? We open this earnings week hopefully with a company RDC that should post a decent earnings report- note from RDC's last earnings report RDCs CEO noted: ''The outlook for 1998 includes increasing day rates as well as improving financial results for the Company's manufacturing and aviation divisions. The refinancing of the Company's debt has reduced the Company's average cost of capital below 7% and should yield a $10 million reduction in 1998 interest cost. We believe the Company's 1998 results could attain record levels and improve by more than 50% over results for 1997. OUR TIME IS NOW!'' Rowan Companies, Inc. is a major provider of international and domestic offshore contract drilling and aviation services. The Company also operates a mini-steel mill, a manufacturing facility that produces heavy equipment for the mining and timber industries, and a marine division that has designed and built over one-third of all mobile offshore jack-up drilling rigs. The Company's stock is traded on the New York Stock Exchange and the Pacific Stock Exchange. Common Stock trading symbol: RDC." [end of quotation]. So all is not "doom and gloom" in the oilfield service industry.... By the way did I tell you the one about ol' Boudreaux is sitting in the bar whoopin' it up on Saturday night, when his friends come bustin' in and say: "Hey Boudreaux-we got some good news for ya' and some bad news for ya'." So Boudreaux says: "Well hit me wit' de bad news- whadisit?" "Well Boudreaux we found your wife stark naked, stone cold dead floatin' face down in Calcasieu Bayou." Boudreaux says: "Well what's de good news???" "We found twel' blue crab on 'er and we gonna run her again tonight!" Sincerely, Doug F.