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

To: Think4Yourself who wrote (70933)	8/15/2000 1:45:15 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

JQP ? ....hello ? I do not want to start an "ankle biting" party; but "Q" ? - C'Mon now ? re: << "You like any of the drillers? FLC is the only one I see that still has dramatic upside potential AND is fairly certin to realize that potential in the next year. >> ...think, before you post, or you're going to blow your cover as a pure "cut & paster".... Comments like that are ONLY acceptable from a thread "newbies" - back to O&G 101 for you "Q" (VBG)! ...C'Mon - do you even have the slightest fundamental undertanding of how the drillers "work", or what drives them ? - have you done any homework on the 97-98 cycle ? "Q" - read that quote from the EXPLORER magazine article - it said; the E&P's & Major Independant's are spending their cap ex $ on DRILLING DRILLING DRILLING DRILLING DRILLLING.... - got the point yet ? As rig utilization goes up ( which it us ) dayrates soon follow. As dayrates soon follow - when contracts expire; , or when new ones come to market for bidding - dayrates rollover to higher levels - which makes all those drillers - oodles & oodles of cash. PS - MRL is widely known as the most bottomline leveraged in this environment; as far as each $5K increase in dayrates to EPS. - only the valuation here, in reference to this being an entry point can be questioned as to if - its a play. Got Gold (VBG) ?