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: Czechsinthemail who wrote (13743)3/5/1998 1:18:00 PM
From: Lucretius  Read Replies (1) of 95453
 
Baird, you must own PDE (ggg)

Come on, you're better than that post. That's like saying "if these stocks go up, we all make $$!" (ggg)

Seriously, I think we're all fully aware of who will do well if oil prices surge. Obviously PDE will do fine in that scenario, so will UTI, GW, and NBR. My only comment was based on the S-T and the way things turned out after they purchase. From hindsight, it appears that they bought those rigs at the top and paid NE too much. Maybe they're just unlucky. But I do believe that L-T prospects are still better for the deepwater drillers even if oil prices return to $20 because of the long lead time in building them as opposed to land rigs and barges. I give NE high marks for unloading all of their land rigs, barges, and shallow jackups in late '96 and '97. Looking after the fact, wouldn't you?

-Lucretius
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