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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (7229)	2/9/1999 2:32:00 PM
From: bw	Respond to of 14427

NEW YORK--(BUSINESS WIRE)--Feb. 9, 1999--Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies: "S&P Sees Further Weakness for Drilling, Oilfield Services Firms" personalwealth.com With the U.S. drilling rig count at an all-time low, S&P equity analyst Norman Rosenberg sees continued weakness for shares of drilling companies and oilfield service providers. He says consensus earnings per share estimates do not yet reflect the worst-case scenario, and notes that it is this threat of further operating downside that leads him to ignore seemingly attractive prices for many stocks in the industry. He reiterated his 1 STAR (sell) opinions on Baker Hughes (NYSE:BHI), ENSCO International (NYSE:ESV), McDermott International (NYSE:MDR), and Rowan Cos. (NYSE:RDC).