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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Czechsinthemail who wrote (18438)4/8/1998 7:04:00 PM
From: andy  Read Replies (1) of 95453
 
even the land drillers are up?PDS continues to outperform many of the offshore drillers since the selloff.Take a look at its chart which technically looks excellent.It is now 30+% off its low and has broken resistance.I purchased 6 drillers near their lows and precisions performance is only matched by mdco and much of its gain is based upon buyout speculation(bought mdco,pkd,esv,rdc,glm,nbr,) all the others returns have been paltry in comparison.It is true that the land drillers went down the most during the selloff but their comeback has been as strong or stronger in pds's case i.e. nbr and pds of the group listed above.I do not include pkd as their exposure offshore is large enough to put them in between.On a side note it is curious that esv and pkd, both of which have significant natural gas exposure, share prices have not benefited relative to other drillers in light of the breakout of gas prices.I guess I take issue with your "even the land drillers" reference but must say I greatly appreciate your inputs on this thread and agree that the deep offshore should be the safest bet long term but this is not the way it has been working out lately.My favorite is rdc however pds has outpaced it in percentage terms for quite awhile now and the market is the final judge weather we agree or not.

Regards
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