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

To: Lucretius who wrote (19623)	4/20/1998 1:40:00 AM
From: waverider	Read Replies (2) \| Respond to of 95453

OT Strictly Drilling Friends... Everyone is in bed at the Diamond H household. I sit alone here to finish up this evening's work. I just got a phone call from the daughter of an old friend of mine. She told me he passed away last night. I know this really has nothing to do with investing, but it may very well have some back door connection. We all get so wrapped up with our stocks and the ups and downs in the market that we perhaps forget some of the most important things in life. I don't have a clue what SLB will do tomorrow and frankly I could care less this evening. Whatever comes about this next week just remember to look around you and make sure you've got your damn priorities straight. Tell folks who you love, that you love 'em. If you do, you're making one of the best long term investments you could ever pull off. And it doesn't cost a dime. Godspeed Walter Wade. Good Luck to all, Rick Hydrocarbon

To: Lucretius who wrote (19623)	4/20/1998 6:55:00 AM
From: Bazmataz	Respond to of 95453

Karen Blumenthal (WSJ Dallas Bureau) says El Nino, Asia and OPEC are all going to kill oil stocks this quarter. About SLB BHI merger, "We'll be watching for it." Says oilfield services co.s will get worse as year progresses because E&P will cut back expenditures greatly and more throughout year. Oilfield services companies will be quite hurt this year as E&P do "bigtime" cutbacks. "Analysts expecting earnings to be down 40% in 1st quarter and another 50% in the 2nd quarter. Analysts expecting prices to stay really low. Right now at $16/barrel and will stay that low." Did anyone watch this segment?