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To: tdl4138 who wrote (4549)	10/22/1998 8:45:00 PM
From: PnclNk	Read Replies (1) \| Respond to of 14427

Couldn't agree more. We are in living in a Roadrunner cartoon. Just don't look down!!!

To: tdl4138 who wrote (4549)	10/22/1998 8:53:00 PM
From: Shelia Jones	Read Replies (2) \| Respond to of 14427

Nervous and confused and...ran a scan and this story fell out: yesterday PDS announced the information in the article below before the open and issued a trading halt to do it. The stock has since rallied 13% in the last 2 days. Yee - Haa ?? (Oh, and Compuserve is the biggest POS in existance. Thanks to all who offered advice here and via P.M. and hope you didn't send an e-mail as Compuserve's got it trashed.) Does anyone else feel that this "rally" is making them nervous... I'm glad the oil/service stocks are finally moving...but the fundamentals aren't there to support them...crude is trending down... Wednesday October 21, 9:37 am Eastern Time Company Press Release SOURCE: Precision Drilling Corporation Precision Drilling Corporation - Utilization Update CALGARY, Oct. 21 /CNW-PRN/ - Precision Drilling Corporation (the ''Corporation'') is presenting at ''The Canadian Oilfield Services Conference'' to be held in San Francisco, California on October 22 and 23, 1998. It is anticipated that recent trends in the oil and gas services industry will be discussed. The Corporation is of the view that it is appropriate to advise all its shareholders and the market generally of the highly competitive oilfield industry conditions which will result in continued lower than expected utilization rates and declining day-rates on drilling rigs and other related oilfield services. Due to the oil industry market conditions, exploration and development expenditures have decreased significantly which has translated into utilization rates for drilling and other related oilfield services to be between 30% and 35% lower than expected. This will likely result in a corresponding decrease in consensus revenues and earnings for Precision's second quarter. The information above includes forward looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 and are based upon certain assumptions made by Precision in light of their experience, general economic and business conditions and numerous other factors including expected future developments many of which are beyond the control of Precision. As a result of these factors, Precision's actual results may differ materially from those indicated in or applied by such forward looking statements. Precision Drilling Corporation is listed on The Toronto Stock Exchange under the ticker symbol PD and on the New York Stock Exchange under the ticker symbol PDS.