To: ron peterson who wrote (28146 ) 8/22/1998 1:27:00 AM From: MonsieurGonzo Respond to
Ron; RE:" EGEO "My pick is OMNI or EGEO reason-no slowdown in seismic exploration -- growing co. expanding into other countries... EGEO very good pick, IMHO; (OLOG also interesting) - because services have more rationale than than either drillers or machinery & equipment components of the OSX.X sector.biz.yahoo.com nibble on EGEO here with the idea of buying down in ever-increasing amounts, if necessary, to accumulate a position. No options available on EGEO, so hedging isn't possible. Has held 10 +3 / -1.5 for 9 weeks doji hammers on the last two weekly bars... nice buying op at 8-1/2 today that we both missed :-( 1x10/2x9.625/3x9.125/4x8.625 = 10 @ 9-1/8 (where '1' is 10% of kapital allocation, and '2' is twice as much kapital , not shares, so '10' = 100%). Thanks for reminding me of EGEO, Ron.Shares of Eagle Geophysical Inc. (EGEO - news), which gathers seismic information used in oil and gas exploration, were active after HOUSTON, Aug. 11 /PRNewswire/ -- Eagle Geophysical, Inc. (Nasdaq: EGEO - news) today announced favorable earnings and backlog for the second quarter and year-to-date period ended June 30, 1998. Revenues for the second quarter of $34,336,000 were 28% higher than the same period in 1997. Net income of $2,258,000, or 26 cents per share, was significantly higher than the pro-forma earnings for second quarter of 1997 of $1,027,000 or 12 cents per share, due to the expanding operational capacity of the Company and improving margins. Year-to-date revenues of $58,216,000 were 16% ahead of year earlier pro-forma revenues of $50,060,000 while impacted by the first quarter downtime of offshore operating capacity associated with planned vessel upgrades. Year-to- date net income of $2,879,000 trailed prior year pro-forma net income of $3,217,000.
