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


To: RealMuLan who wrote (45127)5/20/1999 1:23:00 PM
From: PartyTime  Read Replies (1) | Respond to of 95453
 
SLB up 11/16? PDE up 1/16? A bit of a bounceback? It's been choppy waters but I think the winds are still good ones.



To: RealMuLan who wrote (45127)5/20/1999 1:38:00 PM
From: RealMuLan  Read Replies (1) | Respond to of 95453
 
comment from Thomson I-watch on FLC:
FLC -- Oil & Gas-Drill -- Basic Materials
20-May-99 13:22:46 R&B Falcon is underperforming the broader drilling sector, trading $9/16 weaker at $9 3/8 on over 4 million shares of volume. The firm is trading lower in reaction to news that Petrobas cancelled a drilling contract with the firm which will negatively effect FLC's earnings. Institutional activity is behind the stock's trading today with about 45% of the volume stemming from block trades. Pre-trade indications from brokers shows the stock has support from the institutional community above $9 to $9 3/8. The bids should help keep FLC off its intra-day low of $9 1/16 and potentially push the stock back toward the break even mark.

thomsoninvest.net