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: Big Dog who wrote (5305)	12/15/1997 11:44:00 PM
From: Alias Shrugged	Read Replies (1) of 95453

Mike Even if days rates stay about the same, won't alot of these companies increase revenues and profits due to additional rigs being brought on line in 98, 99 and 2000? This sell-off has me baffled. How can companies with earnings expected to grow 20% to 30% per year for the next 3 to 5 years be trading at PEs of 12????? Mike

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