SI
SI
discoversearch

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.
Gold/Mining/Energy : Core Laboratories (CLB) -- Ignore unavailable to you. Want to Upgrade?


To: Herc who wrote (21)4/6/1999 11:54:00 AM
From: Herc  Read Replies (1) | Respond to of 39
 
I don't get the warning of lowered earnings for 1999 in an improving oil/gas environment. It seems they're just trying to ward off lawsuits or play the earnings surprise game.
But a lowered stock price will affect the currency they were using for buyouts.
Nevertheless this seems like a huge overreaction to me and panic selling by institutions.