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: Broken_Clock who wrote (15052)	3/17/1998 2:09:00 PM
From: upanddown	Read Replies (2) of 95453

<<Yes, the deep waters like RIG & DO will do ok...but the euphoria of ever increasing day rates seems to be dissipating. Flat earnings growth is not what gets Wall St.excited.>> PK Flat earnings growth would certainly lead to further annihilation in this sector but Ron's database shows 67% growth this year and 41% next year for the offshore drillers with a high pct of revenues contractually locked in. Are you saying that the earnings estimates are predicated on ever increasing day rates ? I was hoping that they only required stable day rates. Good luck, John

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