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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Chuzzlewit who wrote (17933)4/5/1998 3:01:00 PM
From: dougjn  Read Replies (2) of 95453
 
Paul, you stock picking wonderkind (seriously), what are your favorites AT CUURENT prices (e.g. RIG has recovered quite a bit already) in the oil service sector?

Also, when would you expect earnings to peak? Don't they have to for most of the drillers before too long? In a year or two, anyway? I.e., rigs previously in oversupply, none built, low rates. Now tight supply, released at high rates. But once all are at the new higer levels, do the rates continue up? Or even if they do, do they continue to move up at a rapid pace?
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