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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Amelia Carhartt who wrote (24205)6/16/1998 9:10:00 AM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
some positive news.... NE & HLX

At todays price levels, for those fortunate enough to have some cash - the buying opportuities are everywhere... However there are some more compelling stories than others...

Morgan Keegan upgraded HLX from hold to strong buy on 6/10/98. HLX has held up fairly well through the recent selloff. Huge backlog with good diversification in both boats and rig fab work.

NE seems to have more new deepwater rigs coming online, faster than other drillers. As noted many times FGII also doing much work for NE. Even with recent earnings downgrades they have 50% + EPS growth for 1999. IMHO they are looking as perhaps they best buy at these prices along with FLC from a ''value'' and "upside potential - on the rebound'' standpoint.

...link to Marine Log magazine site is a bit of optimistic news: on HLX & NE...

marinelog.com
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