Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Broken_Clock who wrote (18341)	4/7/1998 2:06:00 PM
From: Czechsinthemail	Read Replies (2) of 95453

Is there a rational explanation? That would be a good one.:-) FGII also seems to be drawing bargain hunters and/or short-covering. You would think if utilization and dayrates were about to collapse, it would have some negative impact on the builders. NE, RIG and DO are getting hit with some profit-taking, but the stories remain strong. With the possible exception of DO, I think they may be relatively overvalued compared with ESV and some of the others that have underperformed. But hey, it's an underperforming sector and there are many companies that offer great long-term value. Unless oil prices collapse, I think the focus will shift from crude prices to earnings -- particularly if some of the frothy optimism of the overall market gets tarnished. This may cause DO to underperform since their relative earnings performance will probably be weaker than some of the others. But I think earnings season should provide another shot in the arm for the sector. Once again, we get the gift of a buying opportunity that looks like the return of the Black Death. good luck, Baird

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next