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


To: Lazlo Pierce who wrote (18895)4/13/1998 3:23:00 PM
From: Teddy  Read Replies (1) | Respond to of 95453
 
Looks like my pal Mavis did a good job on her articles this week,
here's a little snip from the end:

First Call forecasts see year-over-year earnings growth for
the major oils down 37% in first quarter, while earnings
growth for the secondary oil companies, or independents,
will be down 65%, says director of research Chuck Hill.
(Loss estimates for both groups have widened dramatically
since January.) By contrast, earnings for the oil service
group are forecast to grow 119%, down from a forecast of
125% growth in January. Earnings for the drilling group are
forecast to grow by 72%, down from a growth forecast of
90% in January, he says.




To: Lazlo Pierce who wrote (18895)4/13/1998 3:41:00 PM
From: Douglas V. Fant  Read Replies (3) | Respond to of 95453
 
David, Laszlo Birinyi of Birinyi & Associates just was on CNBC. He analyzed money flows into the market. He recommended first "international oils", and second "oilfield service stocks" as the one/two areas where he would currently invest and where per him "accumulation is occurring right now"....

Sincerely,

Doug F.

PS Last chance on RDC before earnings released tomorrow!