NORTON DRILLING (nort nasdaq) FORMERLY DSIC 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 : NORTON DRILLING (nort nasdaq) FORMERLY DSIC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul W who wrote (244)	4/15/1998 8:30:00 PM
From: ChrisJP	Read Replies (1) of 295

You may want to exercise some caution here. PESC (Pool Energy) was up 3 full points on no news. The boost in oil prices today helped NORT a lot. KEG (Key Energy) a highly regarded driller is trading with a P/E of 14:1 according to Yahoo. The news release said the operate 16 rigs, but I would check with the company to find out how many are leased and what day rates they are charging. Someone on the Yahoo thread called the CFO a few weeks ago and said only 9 of the rigs were leased. They may have leased more since then but I would check. The "strictly drillers" thread sometimes quotes day rates although they are mostly into off-shore drillers. I was under the impression that they were coming down. Regards, Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next