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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (1145)	4/23/1998 11:06:00 PM
From: Douglas V. Fant	Respond to of 2005

mph, You are correct. With world population growth and growing economic activity worldwide, the combination of the two should cause a long-term uptrend in oil & gas usage...Everyone bemoans that the Asian economic downturn took about 800,000bbls/day demand out of world oil markets- but that comes out of a daily usage of 75.2mm bbls/day... Not a big "drop in the bucket", so to say (a double entendre).... Also a few revisions in ESV's earnings: ESV: DAIN RAUSCHER W decreased estimate for fiscal year ending 12/98 from $2.62 to $2.33 on 04/17/98 ESV: DAIN RAUSCHER W decreased estimate for fiscal year ending 12/99 from $3.46 to $3.02 on 04/17/98 ESV: DAIN RAUSCHER W has reiterated estimate for long term EPS growth of 35.00% per year on 04/17/98 ESV: DAIN RAUSCHER W made new estimate for quarter ending 06/98 of $0.55 on 04/17/98 ESV: DAIN RAUSCHER W made new estimate for quarter ending 09/98 of $0.55 on 04/17/98 ESV: DAIN RAUSCHER W made new estimate for quarter ending 12/98 of $0.62 on 04/17/98 ESV: EVEREN SECURIT decreased estimate for fiscal year ending 12/98 from $2.57 to $2.40 on 04/17/98 ESV: EVEREN SECURIT decreased estimate for fiscal year ending 12/99 from $3.37 to $3.06 on 04/17/98 ESV: EVEREN SECURIT decreased estimate for quarter ending 06/98 from $0.63 to $0.59 on 04/17/98 ESV: EVEREN SECURIT decreased estimate for quarter ending 09/98 from $0.66 to $0.58 on 04/17/98 ESV: EVEREN SECURIT decreased estimate for quarter ending 12/98 from $0.71 to $0.62 on 04/17/98 ESV: JEFFERIES & CO. decreased estimate for fiscal year ending 12/98 from $2.60 to $2.40 on 04/17/98 ESV: JEFFERIES & CO. decreased estimate for fiscal year ending 12/99 from $3.25 to $2.90 on 04/17/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 03/99 from $0.77 to $0.66 on 04/20/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 06/98 from $0.64 to $0.58 on 04/20/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 06/99 from $0.80 to $0.68 on 04/20/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 09/98 from $0.67 to $0.59 on 04/20/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 12/98 from $0.69 to $0.62 on 04/20/98 ESV: JEFFERIES & CO. decreased estimate for quarter ending 12/99 from $0.84 to $0.78 on 04/20/98 Note Dain Rauscher's estimate of eps growth of 35% annually. The point being that ESV's stock price will rise in conjunction with that annual growth estimate or it might become absorbed by another company who sees ESV as a bargain.... Sincerely, Doug F.