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


To: dj8000 who wrote (32119)11/25/1998 10:40:00 AM
From: Jamey  Respond to of 95453
 
NewsTraders - November 18, 1998

<< Strong's Baskir thinks consolidation will intensify in the smaller oil service sector if oil prices remain depressed. Such consolidation is already under way. The money manager says Ensco International (ESV) would be a natural fit for the larger RB Falcon Corp. (FLC).

- Racanelli concludes that weak oil prices are likely to keep a lid on most energy stocks, but as consolidation continues and takeover speculation intensifies, the depressed sector could find itself in the limelight over the coming year.>>


Santiago