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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: bw who wrote (2710)11/4/1997 7:04:00 PM
From: Big Dog  Read Replies (2) of 95453
 
I am with you guys on CKH. It is my favorite stock to accumulate below 70. I added 1000 shares at 65 recently.

It is really not a shipping company as much as a "workboat" company, much like TDW.

HOWEVER -- little known factoid that has been posted here before -- CKH owns 50% of Chiles Offshore. Chiles has ordered and is constructing two new jackups with plans to order 4 more. These units will be syndicated out as an alternate means for investors to participate in offshore without owning stock. (Each unit is 5 million USD -- if you are interested let me introduce you to Bill Chiles -- I have the pro forma numbers on the deal.)

For the life of me I can not understand the low price of CKH. IMHO this has to be a pound the table buy!!! I will likley add another 500 shares tmw.

My My My look at MIND...I am so proud of this one since I bought it at 4.25..I told my pal Dano not to sell, but some folks never listen. MIND is going much higher. The Cabot Market Letter sent out a BUY signal today -- this is likey the reason for the rise.

A very nice day today...hope yall enjoyed it -- I was busy "supervising" a CAT D6 moving the earth around at my new casa (the house the oil service sector bought).

mike
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