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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (31028)10/23/1998 11:06:00 AM
From: marc chatman  Read Replies (2) of 95453
 
Big Dog, all very good points.

It's also worth noting that despite the good Q3 numbers for RIG, they did just agree to a new semi-sub contract at a lower day rate (starting early next year). I do have to salute RIG, however, since it is nice to see an OS stock finally "managing" expectations. I would think that a company which already knows its topline number for the quarter (as well as most of its costs) would be able to give a pretty accurate number to analysts. The fact that they led analysts so much lower than the actual number bodes well for future upside surprises.

One question for you, BD: why VRC? is it because they have been beaten down so low? or is there something you see in the fundamentals? I'm a bit concerned we may see a continued drop in their backlog moving forward.
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