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

To: Broken_Clock who wrote (22921)	5/27/1998 4:58:00 PM
From: Douglas V. Fant	Respond to of 95453

marc and Papaya King, Here's the EVI/WII Press Release. perhaps the small size of the one-time charge related to the merger impressed them... EVI Completes Weatherford Merger Business Wire - May 27, 1998 15:11 %EVI-WEATHERFORD EVI %TEXAS %OIL %GAS %ENERGY %MERGERS %ACQ V%BW P%BW HOUSTON--(BUSINESS WIRE)--May 27, 1998--EVI Inc. (NYSE:EVI) today announced the completion of its previously announced merger with Weatherford Enterra Inc. The combined company has changed its name to EVI Weatherford Inc. and will continue to trade on the New York Stock Exchange under the symbol "EVI". Under the terms of the merger agreement, Weatherford stockholders will receive 0.95 of a newly issued share of EVI common stock for each Weatherford common share. The transaction, which is being accounted for as a pooling of interests, will result in an estimated one time after-tax charge of approximately $60 million, or $0.60 per diluted share, in the second quarter for merger related expenses. EVI Weatherford is an international provider of engineered products and specialized services to the drilling, completion and production sectors of the oil and gas industry. CONTACT: EVI Weatherford Inc., Houston James G. Kiley, 713/297-8400 Senior Vice President and Chief Financial Officer evi-net.com

To: Broken_Clock who wrote (22921)	5/27/1998 5:26:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

I sure liked the action on the osx at the close. We haven't seen that in a while. PK, do you see something here I can't see? Today's action in the OSX looks like a mirror image of yesterday. I thought yesterday was more impressive since it came in a sharp general market decline. Today seemed to be more a turn with the market. Looks like the general correction is over and its "buy on the dips" time yet again. If oil can hold $15, our babies could have a nice ride here. fast.quote.com John

To: Broken_Clock who wrote (22921)	5/27/1998 6:02:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

PK, I'll have to take a closer look at the intra-day volumes, but I just took a look at the daily figures, and the overall daily volumes again were anemic. Only a few companies traded substantially more than their 30 day ave. vol. And of those, most were down a decent %. Possibly some short covering at the end of the day? That wouldn't be surprising with the market turning the way it did. The watchword on the Street now seems to be safety. That's one word I wouldn't use to describe this sector.