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

To: Kayaker who wrote (27656)	8/13/1998 4:27:00 PM
From: lorrie coey	Respond to of 95453

OMNI didn't blow my skirt up either Bob. I'm liking GLM...I think it's the bottom. The Gas drilling is interesting.

To: Kayaker who wrote (27656)	8/14/1998 2:31:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Vision & beating the crowd to the party with OMNI ...remember VTS,FGII, UTI ? -- go back and pull up a a long term chart on these 3 companies. Those that were able to spot the ''stars of tomorrow - shinning today'' were richly rewarded. UTI from $5 to $48 in 18 mos. - VTS from $8 to $60 in 24 months; FGII from $13 -$48 in 4 months. The ''new era'' growth companies in the patch who have the EPS growth opportunities to produce these types of returns are far and few ...OMNI has multiple Quarters of huge upside surprises and 100%+ increases. With recent acquisitions and expansion into International markets where they will be doing business with many of the same companies they are doing business with domestically will dramatically ramp up earnings & revenue capacity. 3 analysts covering OMNI - all rate Strong Buy & 5 year EPS growth at 40% per year. This company has virtually no upside ceiling going 3 years forward. ****************************************************************** CARENCRO, La., July 23 /PRNewswire/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI - news), one of the largest and fastest growing seismic support companies in the U.S., today reported earnings for the quarter ended June 30, 1998. Net income for the current quarter increased 130 percent to $3.5 million, compared with a pro forma net income of $1.5 million in the second quarter of 1997. Basic earnings per share increased 57 percent to $0.22 per share, up from a pro forma earnings per share of $0.14 in 1997. Revenues in the current quarter increased 109 percent to $24.3 million from $11.6 million in the second quarter of 1997. Operating income increased 111 percent to $6.1 million from $2.9 million in the same period a year ago. Gross margin for the current quarter was 35.5 percent, compared to 29.5 percent in the second quarter of 1997. Revenues in the first six months of 1998 increased 150 percent, to $42.6 million from $17.0 million in the first half of 1997. Net income also increased 239 percent to $5.4 million from $1.6 million in the same period a year ago. Gross margin for the first six months of 1998 was 33.4 percent, compared to 26.5 percent in the first half of 1997. Backlog at June 30, 1998, was $87.8 million, compared to June 30, 1997 backlog of $56.7 million, a 55 percent increase. OMNI acquired Eagle Surveys International, Inc., Canadian-based Hamilton Drill Tech, Inc. and Coastal Turbines, Inc. during the current quarter for a total of $3.9 million in cash and stock. These acquisitions contributed $2 million of revenue in the second quarter of 1998. Commenting on the results, David A. Jeansonne, chairman and CEO, said, ''We are pleased with the high internal growth rate and record earnings of the Company during the second quarter, reflecting the continued, strong demand for our services. OMNI's growth rate and earnings reflect, in part, that our business is predominantly related to natural gas exploration and drilling, where prices remain firm. We remain optimistic concerning our growth and expansion opportunities.'' Headquartered in Carencro, La., OMNI provides a broad range of integrated services to both geophysical and exploration and production companies engaged in the acquisition of on-shore three-dimensional seismic data. The Company provides its services through three business units: Seismic Drilling, Seismic Surveying and Helicopter Support. OMNI specializes in operations in logistically difficult and environmentally sensitive terrain. ***************************************************************** ...63% EPS growth going into 1999 not factoring in recent acquisitions and International expansion; how many oil patch stocks have had their earnings revised upward in the face of this sell off ? - ...you can count them on 1 hand. ....just something about those 100% increases in revenues or earnings and 50%+ increases in backlogs and multiple quarters of prior positive earnings surprises and new acquisitions and international expansions and strong balance sheet with cash to make acquisitions and all analysts rating them a strong buy and earnings being upward revised and having a 5 year EPS growth rate of 40%+... and... and...and....... ... if that doesn't ''blow your skirt up'' - nothing will... .....if you want those $8 to $60 type of runs - they're not going to happen with household name big caps trading 500,000 shares daily...and you had better be able to identify subsector niches with no ceilings for earnings growth and be able to identify companies having acretive expansion and/or acquisition capabilities. You need to identify subsectors and niches that can grow earnings without significant crude movement; seismic use becomes more important as the ''spreads'' of the producers are squeezed by low crude prices. Anyone else have any small/micro cap ideas here ??? I think we all know where to find the EVI's, SLB's, RIG's & RON's...of the world. Ps: - BOB C. - in my opinion PDS longterm will greatly benefit from the strong Canadian Natural Gas market. However; many US drillers have moved into this market and PDS's CEO made one of the most negative or conservative (my positive spin) announcements in their last quarterly release on next years earnings expectations and prospects. He is either a genius for dramatically lowering the expectation bar or they have some serious problems if he is being candid... Long term - I like PDS and continually watch them. I just think that 6-12 and maybe 18 months out - there are simply too many other drillers that will far out pace them. They have no meaningfull EPS growth going forward into 1999 - no way to get much of anything other than a recovery of PE expansion in a crude recovery - nothing growth-wise to drive them higher or faster...just my 2 cents.