Santa Fe International (SDC) Message Board

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Gold/Mining/Energy : Santa Fe International (SDC)

SDC 0.01000

+5.3%

Jan 5 4:00 PM EST

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To: Christopher Reed who wrote (30)	12/3/1997 5:36:00 PM
From: Czechsinthemail	Read Replies (1) of 54

Big Day for Santa! Up over 8% today. The company has been significantly oversold even by recent oil drilling standards, so the bounceback only partly rectifies its undervalued status. The possibility of funds shifting from one driller to another should favor SDC as a newer company that should have a larger percentage of switch-ins relative to switch-outs. They also should be a beneficiary of increased Middle East drilling since they are a major contractor in that region. Hopefully, we'll see a continuation of the move up as fickle investors look for places to park money moving out of tech companies. Baird

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