Big Dog's Boom Boom Room 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 : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (19711)	3/10/2003 10:31:42 PM
From: Sharp_End_Of_Drill	Read Replies (1) of 206182

Russ, sorry if this is a late reply, I've been out of pocket. <replacement value is a horrible horrible way to try to trade this sector.> >>>Can't really agree as it's the only fleet we have, and as you say there won't be more coming, if ever.<<< Fair enough, you don't have to agree. Lots of folks have gone down in flames thinking replacement value has any relevance whatsoever. The only thing that matters for rental companies is cash flow and profits. On the second thing - when more rigs are coming. The answer is not now, until 'now' suddenly turns into now. We will start building rigs again with reckless abandon as soon as some more oil companies whisper sweet nothings in our ears. Drilling companies love to build rigs, and are mighty gullible when it comes to inking deals. Sharp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next