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: Czechsinthemail who wrote (5142)	12/15/1997 8:46:00 AM
From: Alias Shrugged	Read Replies (3) of 95453

Baird I agree with everything you say - drilling activity remains very strong, this whole sector will have great 4th qtr earnings and their is almost nothing that could stop them from having great 98 earnings. But, I think the market is focused on the price of oil and the possibility of further declines due to lower SE Asia consumption, and therefore are assigning a "top of the cycle" earnings multiple to the current earnings. Ain't nobody who wants these stocks to go up more than I do. Maybe for Christmas, we can sign Mike Simmons up foir the "Pie of the Day" Club? Mike

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