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

To: SliderOnTheBlack who wrote (23623)	6/8/1998 11:42:00 AM
From: Lazlo Pierce	Respond to of 95453

from briefing.com <<Global Marine Inc. (GLM) 21 5/16 -11/16: Lehman Brothers lowers EPS estimates on offshore drilling services and management services concern to reflect pricing pressures for its jackup fleet given current commodity price environment; jackup rates are falling and GLM is realizing as much as 20% declines from recent highs; continues to rate issue a "buy" as issue still attractively priced, but lowers 1998 to $1.78 and 1999 to $2.22 a share..... Cliffs Drilling Co. (CDG) 39 1/2 -1 11/16: Lehman Brothers lowers EPS estimate on offshore oil and gas contract drilling concern to reflect weaker outlook; sees mounting pressures on dayrates given the current commodity price environment; still rates issue a "buy" but lowers 1998 EPS from $4.31 to $4.14 and 1999 EPS from $5.65 to $5.24 a share.....