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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: stevedhu who wrote (21537)5/6/1998 9:03:00 AM
From: marc chatman  Read Replies (3) of 95453
 
I'm keeping a close eye on MDCO. I sold last week after the earnings report, but I still like the company. I like the deal they just made for the North Sea rig.

Before I buy back, though, I would like to see a downward earnings revision (since they missed estimates last Q and mentioned a couple rigs were getting lower dayrates this Q). Or, at least, I would like to see lower estimates priced in. Maybe they are already, but I'm being patient here.
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