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

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To: Big Dog who wrote (5525)12/17/1997 2:42:00 PM
From: Flan  Read Replies (3) of 95453
 
Can anyone explain why the land drillers are not participating in this rebound - PDS,NBR, KEG have all strugled. Is it not true that rates for the land drillers usually lag the other sectors meaning that they have just begun to increase rates. I have spoken with several operators DPSI etc and they say demand is strong and that there is a significant wait for rigs today - These stocks have gotten pounded and are staying down. Sweet I own stocks that go down when the sector sells off but when it recovers my stocks stay down. Glen can you loan me some cash.
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