Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: paul feldman who wrote (56565)	12/9/1999 3:24:00 PM
From: Winkman777	Read Replies (1) of 95453

Hi Paul. BHI quantified its max loss at 40 to 50 mil. Very different from MDR's asbestos problems. And it's also quite different from WMI (Waste Management) "accounting problems". $50 mil/329 mil sh = 15c/sh. I bought at 16 7/8 and may sell here at 18.5. Don't really like BHI vs HAL. BHI's 2 warnings and HAL's one have proved to be buying opps for the sector. Maybe this will also. I went further into margin this am. Still only using 30% of margin. Bought RIG at 25.5. I know of no better long term buy in the patch. IMHO the selling of future RIG shares by index and lg cap funds is largely built into RIG at 25. Take care all. Winkman ***EDIT: BHI at 19 1/2 Think I'll ride it for a while. <vbg>

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