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: Lorenzo Perez who wrote (2283)	12/15/1997 6:51:00 PM
From: Lorenzo Perez	Read Replies (1) of 95453

HELP!!!. Thanks to you all for the knowlegde, experience and great sense of humor i enjoy every day from this thread. Some of you guys have invested in the drillpipes companies. Does anybody have any explanation for the nasty sharp decline of N S Group. It have already plummeted 65% from its intraday high of 41 3/8. Apparently they are better poised than its competitors. Their pipes are mostly for natural-gas drilling. They reduced their debt and improved their balance sheet. They are very well financed, and its main phocus now is to modernize and expand their facilities. Apparently they are gonna have strong earning results this quarter and and next year, their PE ratio based in the current FY ending Sept 98 is 9. They have been upgraded recently, so i'm really confused here . Could anybody HELP ME PLEASE!!! to understand what is going on? Thanks a lot Lorenzo

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