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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: double-plus-good who wrote (50609)9/8/1999 1:27:00 PM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
Does anyone have any thoughts concerning SEI? They have recently bottomed out again and turned around yesterday and today for a 15% increase. They have a recent drilling success story at -- biz.yahoo.com

and Yahoo had the short interest at 20% on August 9th, thus short covering and the news certainly explains the two day increase. But what caused the price decline from May at $18 to $10?

Other than the President selling executed shares all year long, the company appears to be oversold with a low price to book and low price to sales. I also like the diversity of the 3-D logs and the gas holdings.

I am looking to dump my FGI because I totally agree with Slider's previous comments and I am now looking to longer term holdings rather than trading. Trading FGI for SEI so far looks reasonable.

hdr