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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (39912)3/14/1999 3:53:00 PM
From: Gary Burton  Read Replies (3) of 95453
 
Sarge--Yes, but to reach the Fall/98 peaks, GIFI rises 101%from here, UFAB rises a furthur 54% and FGI rises 41%. To reach the low, GIFI would need to fall about 30%, UFAB about 25% and FGI about 28%....Upside/Downside ratio is therefore 3.4x for GIFI, UFAB 2.2x and FGI 1.5x....Advantage GIFI.......fwiw the same Upside/Dnside ratios from Friday's close for 2 debt heavy drillers: FLC is 4.3x, PDE 1.7x--Advantage FLC-- the ratios for 2 seismic guys VTS at 2.0x and PGO 1.8x--a draw and the ratios for 2 deepwater drillers are RIG 2.4x and DO about 1.0--advantage RIG. The shallow GOM jackup stocks now have ratios of RDC 1.2x,GLM 1.2x,MRL 1.0x ESV 0.9x and NE 0.8x --slight advantage RDC/GLM.
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