SI
SI
discoversearch

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: diana g who wrote (69054)7/1/2000 1:37:27 PM
From: stsimon  Respond to of 95453
 
I had a relatively small position in SEI and sold it for the same reasons you mentioned. With so much opportunity in this sector why bother with a management team whose motives are suspect.



To: diana g who wrote (69054)7/1/2000 1:37:55 PM
From: The Ox  Read Replies (2) | Respond to of 95453
 
Hey Freeway Jane,
Shhhhh...don't tell everyone about DO. Let's accumulate all the cheap stock we can and then start asking the questions<vbg>!

Slider wants someone to make a call and I'll go on record for better or worse. Buy the offshore drillers! Take your pick, choose your 'sweet spot'. GLM, MRL, DO, RIG, FLC, NE, etc... By the time earnings are reported for this group, they will be significantly higher then they are today. We are still at the beginning of the major cap ex spending cycle. The bigs aren't dumping tons of money into the patch yet but they have started. It's my opinion that the offshore drilling group holds the lowest risk to reward ratio right now. Sure, there are smaller companies that will outperform this group but you may not sleep as well at night! For those looking for a blue chip in the patch, hard to pass on BHI at this price, especially if you have a long term horizon.

Now is the start of the 3rd quarter of 2000. The boom-boom-boom is growing louder everyday and there are still solid oppportunities available for great returns.

Of course, if someone sees it differently, I'm all ears, er...eyes!

Just my simple opinion...don't invest what you can't afford to lose!

Michael



To: diana g who wrote (69054)7/1/2000 3:59:52 PM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
Re SEI When I read what the directors had given themselves I was amazed the stockholders didn't take out contracts on them. Those guys were stealing the shareholders blind. Even with the changes they are ridiculously overpaid.

With managers like that there is no way I would invest in that company. The only people they care about is themselves. I see the same thing in many high tech companies.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News