DRL (D I Industries) Message Board

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Microcap & Penny Stocks : DRL (D I Industries)

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To: ORF who wrote ()	8/21/1997 9:16:00 PM
From: John A. Paul	of 74

Hey Bill, How are things. Amazingly enough, I am back with this stock, having bought back in yesterday morning. I see this one acting similar to NBR; I look for a prolonged steady climb to 20+. Today's news (see below) is a good indicator that this one is in for the long haul. Maybe you will return? :>) JAP Thursday August 21 1:22 PM EDT DI Industries buys six idle rigs for $24mln HOUSTON, Texas, Aug 21 (Reuter) - DI Industries Inc said on Thursday it has bought six idle land drilling rigs from Cactus Drilling Co, which is part of Kaiser-Francis Oil Co, for $23.65 million. The purchase means DI will have 121 rigs of which 29 are awaiting refurbishment, including the six bought from Cactus. ``Assuming the market demand continues, DI plans to refurbish and redeploy 15 rigs between now and the end of 1997,'' the company said.

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