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Gold/Mining/Energy : Ensco International Inc. (ESV)
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To: Roadkill who wrote (1580)12/4/1998 4:32:00 PM
From: shust  Read Replies (1) of 2005
 
RK, I've read a oil industry research report that stated that offshore drilling stocks bottom at around 30-35% of replacement cost. The chart I looked at showed ESV price to be at $9.4 at these levels. At this level the risk/reward tradeoff is attractive.

I'm keeping my shares. No use selling them now. We may not be at a true bottom, but it's worth the nibble.

shust
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