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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (43092)4/23/1999 9:25:00 AM
From: marc chatman  Read Replies (1) of 95453
 
Big Dog, you recently said that DO, with its strong balance sheet, could be the big winner as a result of the oil crash and recovery. I'm wondering, though, whether the window of opportunity is slowly closing. They've sat on their cash and their buying power through what many here consider to have been a bottom. As stock prices rise and business improves, anything DO might buy, from a solitary rig to another drilling company, is getting more expensive.

Granted, DO is in a strong position to benefit from a recovery with its existing fleet, but have they missed the bigger opportunity to build the business at historically low costs?
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