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

To: marc chatman who wrote (30764)	10/15/1998 9:05:00 PM
From: kumar L chalasani	Read Replies (1) \| Respond to of 95453

SLB: Check this out - 48 is this "analyst's" 12-month target for SLB. now thats funny. how does one arrive at a target price in markets driven so much more by psychology than by numbers....i don't know. =================================== from WSJ: =================================== Nationsbanc Montgomery Starts Schlumberger At Hold NEW YORK (Dow Jones)--Nationsbanc Montgomery Securities Inc. analyst Michael LaMotte initiated coverage of Schlumberger Ltd. (SLB) with a hold rating. LaMotte expects the oil-service giant to earn $2.47 a share this year and $2.06 in 1999. He believes Schlumberger, which has typically commanded a premium to other oil-service stocks, now carries too much of a premium; it trades at 9.6 times estimated 1999 cash flow, compared with just 6.7 times for rival Halliburton Co. (HAL). As a result, he feels potential upside is limited. The analyst set a 12-month price target on the stock of 48; Schlumberger's shares were recently up 1 to 46 1/16.

To: marc chatman who wrote (30764)	10/15/1998 9:27:00 PM
From: Aggie	Read Replies (1) \| Respond to of 95453

marc, hello This is good news. It looks like the LOI has locked in a dayrate of about 200K, more or less. Each time a long term contract like this comes into the picture will spell good news for the sector by way of the stabilizing influence of long term revenue. Do you reckon this preferred stock option is a way of financing this venture? Good luck to all, Aggie