SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Perfect Hedge who wrote (7488)1/10/1998 5:31:00 PM
From: Teddy  Read Replies (2) of 95453
 
Glen, the projected prices that you posted are totally insane,
but you know what: you might be right, Friday's price are insane too.

For some reason companies that loose $1 or $3 per share and are expected to loose money for several more years can fetch $80 per share and companies that are making more than $1 per share are can reasonably be expected to earn 30 to 80% more next year trade at PEs of 9.

From all that i can see, our companies have most their rigs contracted at high dayrates for 6 months to 3 years from now. I haven't seen any contracts cancled. I haven't seen any major oil companies saying: "Crude prices will go down for ever, we will not be looking for any more oil.

Does anyone know if rig leases can be cancled? If not, future earnings are pretty much in the bag, right?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News