Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: upanddown who wrote (44709)	5/13/1999 8:17:00 PM
From: Wowzer	Read Replies (1) of 95453

I may be off base here but RIG's news doesn't really concern me. Short term it might hurt a little, maybe. But I don't know, this might have been the bad news the market was waiting for, if you can call it news. I knew going in that RIG's earnings would be weak near term. RIG's prospects look a hell of a lot better now then they did when oil was $11. Why do you say year 2000 looks bleak as well? According to the press release he declined to comment on analysts 2000 estimate. I say, Because he knows the consensus estimate of 1.85 is worthless. No one has a clue what what RIG's, or any other cyclical company's, earnings will be 18 to 24 months out, including the CEO. Like Big Dog says it is all the price of oil stupid. If oil is trading at or above $20 in year 2000 you really think you will be able to buy RIG at 27 or lower? Rory

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next