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: upanddown who wrote (76516)	10/17/2000 1:40:58 PM
From: Sharp_End_Of_Drill	Read Replies (2) of 95453

John T, I was pretty excited by RDC's earnings - even if the market wasn't. They made as much this quarter as I expected from them for Q4. Revenue Q over Q was up a whopping 33%, and net margin Q over Q increased from 7.8% to 13.4%. I've revised my Q4 estimates to revenue growth q/q of 10% and net margin increasing from 13.4 to 15% - hardly rose colored glasses and very attainable. These figures give EPS of 0.33 which will compare y/y to 0.03 for Q4 '99. I think RDC is kicking some serious butt, and with their gutsy call to build premium jackups on spec. they will continue to do well. These guys are the cream of the crop for offshore drillers, in my opinion the best managed company. I also like the potential gain from litigation regarding the Gorilla 5, Amoco (now assimilated into BP) deserves punative damages for what they did to RDC and other rig contractors with all their contract cancellations. Sharp P.S. Ya'll are being kind of hard on Slider. He's had a rough couple of weeks, and credibility is at a new low. The most recent Slide-O-Track results have his picks GLBL, PGO, and ATW down -6.5% based on last Friday's closing price. Based on the prices right now it's down -10.5%. Despite claims to the contrary no fuzzy math involved - comparisons are to Friday 10/6 closing price. Also, the SliperyOne has been taking a bath in gold as of late. The last nail in the credibility coffin came last week when despite pimping the stocks for months now he claimed to be down only 10%. Either he didn't buy when he pimped, or he's thrown lots of good money after bad averaging down - either way losses are losses. Take it easy on the old boy - he might get his day but right now his wallet is a little light and temper a little hot.

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