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Politics : High Tolerance Plasticity

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To: Sharp_End_Of_Drill who wrote (643)	3/1/2001 12:51:31 AM
From: The Ox	Read Replies (1) of 23153

A minor note on using current PSR for drillers as a statistical aide for calculating 'valuation'. One needs to take into account the acquisitions (or sales) of rigs and how these transactions will affect the future. One example, UTI has purchased quite a few rigs over the past couple of years, substantially increasing their ability to drill new holes. Some of the recent purchases are not completely reflected in the current sales figures but they will be in future quarters.

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