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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (5634)12/18/1997 3:37:00 PM
From: Czechsinthemail  Read Replies (1) of 95453
 
Thean,
If you are talking forward PE through the end of 98, then RIG's PE is in line with other drillers. If you are talking trailing or even near term projected PE through the end of this year, RIG has a higher PE. That's my point. Excellent company and IMO excellent prospects, but you carry the additional burden of risk that they underperform on their forecasted numbers. I've owned RIG and like the company, but I'm out of it for now on a comparative risk/reward basis. I've been trying to balance potential returns against risk, and carrying a higher multiple increases the risk. I shifted the money I'd had in RIG to NE, which I think has better near and intermediate term potential. Their numbers this quarter and next should be particularly strong.

Baird
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