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


To: SliderOnTheBlack who wrote (41205)3/30/1999 2:16:00 AM
From: monu  Read Replies (1) | Respond to of 95453
 
Interesting article. It's nice to see Saudi Arabia continuing their plan.

biz.yahoo.com



To: SliderOnTheBlack who wrote (41205)3/30/1999 5:51:00 AM
From: Ditchdigger  Read Replies (2) | Respond to of 95453
 
After a little further study of the FLC's chart,IMO we are sitting in a heavy resistance area 9-9.5.Also see strong resistance at 13-13.5,FLC repelled down off this area about 4 times in 98(Aug and Sept).Then I guess 16.5 would be the next.,comments? I want to see it close the 10 box on an intraday high,this would be a strong buy signal for the Missouri investors("show me")--no offense meant.....;^)DD



To: SliderOnTheBlack who wrote (41205)4/6/1999 11:41:00 AM
From: kendall harmon  Read Replies (1) | Respond to of 95453
 
CLB buying opportunity today (again)

Core sees 1999 income falling below 1998
HOUSTON, April 6 (Reuters) - Core Laboratories N.V., a consulting firm which analyzes oil and gas reserves, said Tuesday continuing oil sector weakness will push 1999 net income, especially in first half, well below last year's levels.

But the company said it expects 1999 revenues to increase slightly over last year. In 1998, Core earned $20 million, or $0.71 per share, on revenues of $286.2 million.

Core added it will record about $6.5 million in charges in the first quarter ended March 31 on top of already announced $3.5 million charge related to the failed GeoScience merger. The new charge stems from asset write-downs, personnel reduction expenses, facility-related costs and other items.

Core terminated the $200 million merger deal in March, saying that Houston-based GeoScience did not meet conditions of the merger.

Core said it is addressing soft demand for oilfield products and services and may see a pickup in demand during the second half of the year if clients' capital expenditures increase as expected.

Shares of Core closed at $17.63 on the New York Stock Exchange on Monday, below their 12-month high of $26.44 but above their 12-month low of $11.63.