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

To: pz who wrote (19410)	4/16/1998 7:24:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Wow. That's amazing. I have been scanning Reuters all day and haven't seen that. In fact, it still is not on Reuters or Yahoo news. Thanks for printing that, though, maybe it is in the price already. And maybe Joe Kernan is an idiot. And maybe the world isn't coming to an end.

To: pz who wrote (19410)	4/16/1998 7:43:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

"Ensco International Inc. warned Thursday in a conference call after first quarter earnings that second and third quarter earnings could be sequentially lower, but said that it expects a pickup in rates it can charge for its rigs in the fourth quarter and 1999." I'am assuming "sequentially" means 2Q/3Q lower than 1Q. According to Ron's numbers, ESV is slated to do .62 and .66 next two quarters, year-to-year increases of 67.5% and 37.5% respectively. If they can hold the reductions to a few cents below 1Q, it would still be major year-to-year increases. It didn't sound like dayrates were falling apart. The big kicker, of course, is crude. If today's rally continues next week with crude getting above $17, softness in dayrates could quickly be history. That said, ESV will get hammered tomorrow. Could be a buying opp very soon. John

To: pz who wrote (19410)	4/16/1998 10:21:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Did you see the Reuters time on that ESV news? 11:17am...right when the dip came!!!