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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (24931)	10/8/2006 5:44:47 PM
From: Paul Senior	Read Replies (2) of 78741

Wallace Rivers: regarding oil service sector. I've no suggestions for swapping out of PDS. I'm underwater in it also though; I have no intention of exiting position. The oil service sector's pretty broad. Fwiw, I bought a few shares of CKH last week. Whereas PDS is, as I understand it, Canadian drilling rigs, CKH is offshore and more geographically dispersed. Offshore rigs are more expensive and in maybe in short supply, and maybe not likely to be mothballed as could land-based rigs. So that servicing part of CKH business might be okay. CKH is a broadly diversified services supplier. Which could mean its diversity of business might be safer (than PDS) if oil prices continue down. I suspect also the reverse -the stock may not appreciate as much as other companies like PDS in the sector when/if the sector comes back into favor. finance.yahoo.com Also, fwiw, I upped my few shares of ESV a little. Ditto NBR.

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