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Gold/Mining/Energy : Churchill (CUQ), PE of 3!
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To: Michael M. Cubrilo who wrote (84)12/2/1998 9:58:00 PM
From: Ciao   of 264
 
Mike, my personal thoughts on ASL and CGH.

In general these companies are directly affected by activity for oil and gas exploration. With oil in the dumps, most drillers are facing under utilization of drills and face declining profits (ASL is an exception). The market is avoiding these drillers now, irregardless of good results as in the case of ASL.

You may be better off investing in companies with exposure further downstream of oil and gas, such as oil and gas waste treatment. Check out CCR.T and CRL.A (just got recommended in BLSH today),
CCR does have some exposure to drilling (mainly gas) but is showing increasing revenues and profits as a result of waste management. Both of these stocks trade at a PE < 5 and have almost no debt.
Check out the threads on SI.

Good Luck
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