Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Raven who wrote (29089)	9/6/1998 1:25:00 PM
From: Dragon 1	Respond to of 95453

To all, just food for thought. Read teh last two paragraphs. It's enough to make you spill food from your mouth for a laughter. nytimes.com

To: Raven who wrote (29089)	9/6/1998 2:24:00 PM
From: Paul Angell	Respond to of 95453

Raven, EVI as far as I know have have drill floor equipment, casing running tools, completions equipment, drilling tools, specialist fishing tools. SII have drill bits, tools and they also own MI drilling fluids (these guys own the largest barite and bentonite supplies in US - I think??) Anyhow, if my sources are correct then Enterra have very large backing from middle east and are very agressive at buying innovative companies in order to expand the services they offer. SII seems like a fit for consolidation and expanded services, buy cautiously and keep your eye on the volume buys. Your comments on BHI not having the same momentum are well taken. Remember, that they just bought Western Atlas, so they are loaded down with debt, and Wall St. has to discount some of their earnings to pay back debt. IMO BHI will be very good long term. They are the SLB equiv. of downhole tools and are way ahead of the field in CT technology IMHO. Good luck, Paul.