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

To: diana g who wrote (30108)	9/27/1998 3:44:00 PM
From: Harold S.	Read Replies (1) \| Respond to of 95453

*OT* Can someone please tell me briefly how to calculate what I would receive per month if I invested in a company that payed a dividend?? Let's assume the yield is 2.21% and the dividend is 1.32. How do I calculate my monthly ioncome??

To: diana g who wrote (30108)	9/27/1998 6:06:00 PM
From: Paul Angell	Respond to of 95453

Diana, Reservations are just personal thoughts. Don't let me put you off buying because now is a good time to buy. When things look bad and they recover and start looking bad again you have a true buying opportunity. An old rule is that 50% of a stocks value is the sector it's in. I am surmising that they (VRC) could not keep up with orders during the recent boom in drilling activity. A backlog is a healthy, essential part of doing business; but a huge backlog is a bad sign IMHO. Their goods are in demand but they ar not flexible enough in their manufacturing process to cope with swings. Saying that; I do sympathize with their management and applaud them for not expanding too quickly and being left with large interest payments on idle plants. If they cannot clear their backlog in a downturn, how do suppose they will fare in the upturn? Or is the upturn far enough away not to let it concern you? Regards, Paul. PS. Majors are looking for excuses to reduce costs. It will make them healthier when oil prices go higher. biz.yahoo.com

To: diana g who wrote (30108)	9/30/1998 8:34:00 AM
From: diana g	Respond to of 95453

Oil trio to give briefing on Friday in Mexico biz.yahoo.com Tuesday September 29, 8:36 pm Eastern Time MEXICO CITY, Sept 29 (Reuters) - The oil ministers of Mexico, Venezuela and Saudi Arabia will give a news conference on Friday after holding talks in Mexico's Caribbean resort of Cancun, Mexican Energy Ministry sources said on Tuesday.