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: Braddock Bull who wrote (26072)	7/20/1998 8:45:00 PM
From: VLAD	Read Replies (1) of 95453

Brad, If you see the report then please post. To say that earnings will be under pressure because of oil prices is not news for any company in this sector. I would like to know if there is specific news that would hurt Cliffs more than other shallow water drillers. I can not believe how low the share price has gone down on such a fundamentally sound company. There are many companies who do not have any significant earnings growth and have a stable share price. A slow down in earnings growth can not justify a share price that over 70% off its high and a trailing PE under 7. Just can't figure this one out.

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