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: A. Fineigler who wrote (6114)	12/24/1997 1:58:00 PM
From: Flan	Read Replies (2) of 95453

I have owned the stock for over a year and it is by far the cheapest stock in the group. Look at the recent qtr it was amazing - Canadian co always sell for a discount to the american counterparts but the selloff in this stock is so overdone - CFO said with contract visibility he is comfortable with 98 estimates which I believe have them earning close to 3.00 CN - That gives them a foraward us p/e of 10 - A big concern has been canadian drilling in the coming year - well rig count in canada just hit another new high - the company is diversifying into other areas of the world and just signed some lucrative contracts with some multinationals for horizontal work in Venezuela - I love it but have watched it go from 30 to 75 and back down to 40 with only improving fundamentals - This is what I get for being a long term investor???

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