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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Paul Angell who wrote (30370)10/6/1998 1:35:00 AM
From: upanddown  Read Replies (1) of 95453
 
Paul, I noticed one on all three of your screens is SDC. I may get some tomorrow. Looks really cheap (though that means nothing in this sector). One thing I really like is no GOM exposure. They seem to be in stronger areas, North Sea and Middle East. About split 50-50 between land and offshore rigs. Most of the land rigs are in the Middle East, where, presumably, its majority owner (Kuwait) keeps them busy. I am hoping that SDC is more insulated from falling utilizations and dayrates than others. They do have some deepwater rigs though I am having problems finding out what pct of offshore is deepwater. Appreciate any knowledge you may have about them.

Thanks,
John
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