Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Think4Yourself who wrote (64843)	4/18/2000 10:19:00 AM
From: Big Dog	Read Replies (1) of 95453

From Goldman Sachs: We continue to recommend that investors overweight the oil service group as we believe expansion in oil industry cash flows resulting from improved oil and natural gas prices and restructuring/ merger benefits will drive increases in E&P spending of 10% for the majors and 20-25% for the independents in 2000 and 15% in 2001. Normalized Valuations Still Attractive: The equipment stocks are now discounting 75% of our normalized earnings estimates using average historical multiples and 56% using the high end of the range, while the offshore drillers are discounting 68% of our normalized cash flow estimates on average multiples and 47% using the high end of the range. Our Favorite Names: Halliburton in the large-cap area, Cooper Cameron in the mid-cap area, Hanover Compressor in the small-cap area, and Global Marine and Santa Fe Int?l in the offshore drilling sector.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next