Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (61667)	3/7/2000 12:57:00 PM
From: The Ox	Respond to of 95453

JQP, PKD will be a beneficiary of Boom 2000. The numbers look bad right now but it's my belief that the CEO's guidance is on target and that owning the stock now will reap rewards later in the year. While there is nice volume with PKD if you want to trade it, I think it's better off in a buy+hold portfolio. According to Robert L. Parker, Jr., president and chief executive officer, "The drilling activity in the Gulf of Mexico continues to improve. Our jack-up rig fleet is experiencing high utilization and dayrates are improving with each new contract." Parker went on to say, "Utilization of international land rigs remains low. However, with anticipated higher spending by operators, driven by increasing demand for oil and gas and strong commodity prices, it is our expectation that the international land sector will show better financial results in the second half of 2000." Parker added, "Recently, Parker Drilling signed letters of intent to provide two land rigs for our customer, Tengizchevroil, in Kazakhstan. With 42 marketable international land rigs and expanding work in Kazakhstan, there is upside potential for this sector of our company."