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

To: P.Prazeres who wrote (25959)	7/18/1998 5:26:00 PM
From: Don Westermeyer	Respond to of 95453

Nobel Drilling hyped in newsletter: From 'Investors Digest': The oil-drilling sector remains weak as oil prices refuse to correct, but Personal Finance's Editor Stephen Leeb says Noble Drilling (NYSE - NE, 22-5/16) might find earnings growth in deeper waters. "Noble Drilling is a leading provider of a broad range of services for the oil and gas industry worldwide, which includes offshore and turnkey drilling, engineering, and asset management services. The company's drilling fleet is broadly diversified, allowing it to work in a variety of operating conditions. Though its financials have remained strong, Noble's stock has suffered in unison with the oil-drilling sector and is currently trading at a third less than its 52-week high. Despite the strong fundamentals, skidding oil prices are taking their toll on its valuation. Noble's business strategy has been to actively expand its international and offshore capabilities through acquisitions, rig upgrades and modifications, and through redeploying assets in important geological areas. Management is taking advantage of the trend within the industry toward asset sales and consolidations, and is currently focusing on increasing the number of rigs in its fleet capable of drilling in deeper water depths. With a near doubling of earnings per share for the most recently reported quarter (ended March 1998) over 1997 levels, and with estimated earnings growth of 32% for the next five years, Noble is bound for a big comeback. Noble is a bedrock value under $30." Personal Finance (7/8), Stephen Leeb, Ed.; KCI Communications, 1750 Old Meadow Rd., Ste. 301, McLean, VA 22102; 800-832-2330. 1 year, 24 issues, $69.

To: P.Prazeres who wrote (25959)	7/18/1998 7:17:00 PM
From: PuddleGlum	Read Replies (1) \| Respond to of 95453

But there's bad news in there with the good. Entergy, the third-largest U.S. power generator, also shut a 540-megawatt, natural gas-fueled generator at its Ritchie power plant in Helena Arkansas, electricity traders said So that's less gas being consumed in at least one plant. And with an abundance of NGL around this country and all the other gluts I think we need to wait awhile before things get better. That's the voice of someone whose calls just expired worthless. pg