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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Sharp_End_Of_Drill who wrote (74731)9/26/2000 5:40:39 PM
From: Meridian  Read Replies (1) of 95453
 
South Texas Drillco will continue to have good days. This is a stock that could trade at double where it is now IMHO. If we need more rigs in order to drill more gas, then existing rigs will move to replacement cost dayrates ... rev will peak at $50 mm. There are 11 mm shares out. That's cheap relative to other land drillers. Real cheap.
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