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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: John Carpenter who wrote (28307)8/25/1998 4:42:00 PM
From: John Carpenter  Read Replies (1) of 95453
 
DLJ made an interesting point yesterday. We are at the point
in oilservice equity prices where asset and liquidation
values are important. This is an encouraging thought, because
it reminds us that these stocks are not worthless, even though
many are priced as if they are worthless. There is inherent
value in the assets of these companies-to a much greater
degree than perhaps any other industry(if you compare market
versus asset values) I'd be curious to see estimates of
liquidation values for the leading equities in this sector.
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