SI
SI
discoversearch

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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Harold S. who wrote (25968)7/19/1998 11:24:00 AM
From: marc chatman  Read Replies (1) of 95453
 
I suppose we should also consider that if earnings really mattered, then the companies showing excellent year-over-year results, with increases in firm orders, would not have gone into the toilet along with land and shallow water drillers. For every GLM which comments on softness in the GOM, there is a VRC or a FGII, which continues to show "bandwidth"-type growth.

Teddy's information should not be ignored. Big Dog's inside perspective on rig stacking should not be ignored. A separate issue, however, is whether the companies which are not stacking rigs or competing in a shrinking shallow water GOM market will remain depressed. Perhaps for awhile. But the market does sometimes awaken to the fact that not all companies in a sector are created equal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News