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: Timelord who wrote (1679)	9/26/1997 9:56:00 AM
From: bw	of 95453

Alex..Thanks for the info. on GMRK. It looks like an attractive prospect. The share price of $33 seems a bit high, if projections are correct about '98 earnings projections coming in around $1.62. GLM, for example, is selling for $33 currently..and projecting '98 earnings around $2.07. Also, is the debt ratio in line with others in the shipping/service sector? Being not as familiar with this group vs. the drillers, this could be the norm..especially if their fleet is new and the company is growing rapidly [which does seem to be the case, doubling earnings from last year]...I'll keep my eyes on it. Still following HEC [not invested at present] & agree with your comments re: timing the sale for maximum profits before actual results are reported. There's definitely "gold [black] in them thar hills"!...too bad the Columbian rebels like to blow up the pipelines, however.

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