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PGS - News Release
Petroleum Geo-Services Expects Second Quarter Earnings to Modestly Exceed Consensus Estimates Houston, Texas: Oslo, Norway: July 20, 2000: Petroleum Geo- Services ASA (NYSE: PGO: OSE: PGS) announced today that it expects to report second quarter revenues of $236 million, a 19% increase as compared with the second quarter of 1999, yielding slightly higher than expected quarterly earnings ranging between $0.13 and $0.14 per share. The Companys full quarterly and year to date financial results will be released on Wednesday, July 26, 2000. As previously announced, management will host a conference call at 9:30 am Eastern Standard time to discuss the quarterly results and the market outlook. Bjarte Bruheim, President and Chief Operating Officer of PGS, stated, `While the seismic market has been slower to recover than the general oilfield service sector, the growth in revenue experienced this quarter represents an upward trend that we believe will continue for the next several years.` Reidar Michaelsen, PGS Chairman and Chief Executive Officer, added, `Despite some very difficult times, we have managed to retain a strong nucleus of management that is focused on developing advanced reservoir technology which is expected to be in high demand going forward. The need to find and produce more oil and gas is becoming more and more evident as each day passes. PGS, with its PetroTracTM suite of advanced geophysical technologies, has positioned itself as the leading reservoir imaging company and we look forward to accelerated seismic activity in the coming years.`
Nå skal det bli morro med PGS og TGS.
|Takk til KJF... Tallene har jo PGS allerede mer eller mindre offentliggjort, og de var godt over analytikernes forventninger (ca 10 % over Paretos estimat). Hva tror dere er grunnen til at de gjoer dette? Joda, det er for aa unngaa de vanlige ryktene som er i dette selskapet rundt resultatframleggelse.
Saa da er eneste usikkerhetsmoment hvordan PGS ser paa framtiden. Noen som tviler paa at den er lys innen seismikk? Jeg tror at PGS har mer krutt paa lager, og at det gode resultatet bare er en forsmak paa torsdagen. Da kommer denne til aa ta av...