Parker Drilling Co

Article Abstract:

Parker Drilling Co is contracted by the oil and gas industry to provide onshore services and equipments. Insider selling was observed thrice from 1990 to early 1991. Shares are currently pegged at the mid $5's, approximating the low end of its three-year low. Insider distribution was still evident at these low prices wtih two of them selling 31,733 shares from Dec 7, 1992 to Feb 23, 1993 at the $4.75 to $5.50 area. Caution is recommended.

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Parker Drilling Co

Article Abstract:

Parker Drilling Co offers contractual onshore services and equipment to the oil and gas sector. Two insiders sold shares at $4.75 to $5.50 last Mar 22, 1993, a range that approximates its three-year low. The stock appreciated to the $6 level, prompting another wave of insider sales. Five insiders cleared out 50,100 shares at prices between $6 and $6.75 between Mar 26 and Apr 30, 1993. Caution is recommended for the issue.

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Rowan Companies

Article Abstract:

Rowan Companies Inc is a contractor of onshore and offshore oil and gas drilling, helicopter and fixed-wing airplane services. Four insiders cleared out 198,000 shares from Dec 1992 to Feb 1993, at prices between $7 and $8. Three more insiders disposed of 130,934 shares from Mar 15-25, 1993, at an average of $9 each. These sales suggest a lack of positive fundamentals. Caution is recommended.

Air transportation, nonscheduled, Rowan Companies Inc.

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