Strictly: Drilling and oil-field services Message Board

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

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To: Big Dog who wrote (25359)	7/8/1998 10:25:00 PM
From: Tom L. French	Read Replies (2) of 95453

Interesting comments about RIG. They do have higher debt and lower ROE than DO. How do you know the fundies like it better than DO? Maybe if this sector starts to look REALLY bad, we will actually get a bottom. You can't (the experts say) have a bottom after this much downward pressure without a shakeout that gets rid--finally!--of the last of the old, which then makes an opportunity for a new group of buyers/investors, who will hold on for a while and won't sell on the least sign of strength (which is what keeps happening now). So we have to get rid of the people barely holding on, who are looking for a chance to get out. The trick is to hold on til then. Which of course might postpone the arrival of the very bottom everyone is talking about. Sound crazy? Is crazy. tomlf

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