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: Brian P. who wrote (61997)	3/11/2000 10:30:00 PM
From: Big Dog	Read Replies (1) of 95453

Re KEG, I think their business is going very well. Margins are growing, pricing power seems to be setting in, utilization is higher - at 100% in some areas - and yes, I think there will be some surprises to the upside come 1st and 2nd qtr numbers. Are those 'surprises' already priced in? Maybe to some extent, but a surprise is a surprise. The volume in KEG has changed over the past 2-3 weeks. It has slacked off and it seems obvious that some big buyers have had their fill for now. The heavy volume gave the sellers a chance to bail if they wanted to, so I think we have a good base of owners at this point. (But it's hard to resist profit taking, regardless.) KEG looks like it may be shaping up to be a good trader, ala Slider-rama. This 10 1/2 to 11 1/2 range may be fertile. Also, with OXY buying Altura KEG is well-positioned to get a lot of business as it is dominant in Altura's W Texas area. I understand that alot of this area's work was put on hold pending sale of Altura. big atoffshore.com

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