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Gold/Mining/Energy : NORTON DRILLING (nort nasdaq) FORMERLY DSIC

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To: FIFO_kid2 who wrote (248)4/15/1998 11:12:00 PM
From: Sandra  Read Replies (1) of 295
 
Some NORT numbers, and comprables
Co.___Shares____Price/bk/ratio__PE____PSR___Share Price
PKD___76.7m________2.15_______30.40__2.01_____$10.56
CLNP___8.0m________1.18_______18.79__2.43______17.00
GW___164.3m________4.19________N/A___3.52_______4.125
CDG___15.9m________3.05_______13.69__2.42______45.75
NORT__25.8m________3.55_______11.72__0.73_______1.50
Also:
From today's WSJ Commodities column;

"We're seeing gasoline demand at near peak-summer levels in April and refinery units
going down. It
seems the market just got alerted to the fact that gasoline has the ability to pull the entire
crude complex
higher as the summer driving season nears," said Tim Evans, senior energy analyst with
Pegasus
Econometric Group.

The Department of Energy estimates domestic gasoline demand this summer, which it
defined as the
period from April to September, will rise 2.8% from last summer, far exceeding growth
rates in recent
years. This translates into a 226,000-barrel-a-day rise in demand from last summer,
when demand hit its
highest level on record.

There was also sentiment in the market that crude oil had bottomed out. After OPEC
and non-OPEC
producers agreed in March to cut production to support sagging oil prices, several
analysts had called
$15 the bottom end of crude oil's price range.

Looks like a bargain to me!
Sandra
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