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: Crimson Ghost who wrote (31761)	11/12/1998 4:47:00 PM
From: Big Dog	Read Replies (1) of 95453

That makes sense. But when will it improve...one month, one year, five years, longer? One must consider the risk/reward, time value of money, alternative investments. We have a dead cat bounce here, in my opinion. But rest assured -- I sell rigs -- I don't claim to be a stock guru. Anybody calculated earnings X and a 8-9 PE when day rates go to cash break even on day rates? I will give a free ODB subscription to anyone that does such a calculation on a few of the drillers. The easy ones to do this on would be MRL, RDC, ATW and maybe NE. (Since these don't have a "ton" of term contracts.) big loosbrock.com

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