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: Czechsinthemail who wrote (18616)	4/9/1998 3:30:00 PM
From: upanddown	Read Replies (1) of 95453

Hi Baird: I was expecting a little pop in ESV today as a result of it being one of the four stocks chosen in the latest pros vs. darts contest in the WSJ. Probably can't get without subscription but: interactive.wsj.com The guy said: Mr. Wilbanks is going with Ensco International Inc., an oil-field services company based in Dallas. He says that he likes the energy-services sector and that Ensco is one of its best-managed companies. It has a strong balance sheet and good cash flow, and owns "a good collection of premium rigs," he says. He expects 50% earnings growth this year and 20% in 1999. The industry is in a period of high growth, Mr. Wilbanks says, but the low price of oil has depressed stocks, making them more attractive. He sees another advantage to the oil-price drop: the drilling industry is unlikely to overbuild. Ensco is "a growth company at what we think is a reasonable price," he says, noting that the stock is off sharply from its 12-month high of $47 in November. Ensco closed on the Big Board Wednesday at $26.25, up 12.5 cents. Could be negative news since the darts won the last contest ! What do you think of his "unlikely to overbuild" scenario ? John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next