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: chowder who wrote (70953)	8/15/2000 5:42:37 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

dabum3 Good points. For some of the same reasons you have on GLBL and HOFF, I would pick OII. OII is selling at close to 10X 2001 earnings, which were lowered after they missed last quarter. I don't believe a company of this quality in a niche business will stay here that long. My second pick would be WG sell at about 9X 2001 earnings. The stock is not very liquid, so you can buy from time to time at a good price. Third would have to be TDW. They have under performed as a result of their aggressive cap-x program early in the recovery. Time will prove them to have been correct and not the analyst. Forth is a tie between PGO, which is starting to show some life, and MAVK, which is selling for $25 down from a high of $36.5. This stock can move fast and the correction appears to be over for now. Since PGO and MAVK are tied I'll throw in one more, MDR. Nothing else to say about MDR, it's just a matter of time before it moves. I've lighten up on KEG. KEG should have done better than they have by now. They are in the segment that is the VERY first to recover. The quickest way to increase cash flow for the oil companies when oil and gas prices are high is to workover existing wells. The problem with the workover business is it is very competitive with a lot of the small ma and pa companies that only own a few rigs and have NO overhead. The entry cost of the business is also very low. A lot of the $550,000 workover rigs were auctioned at the last down turn for about $50,000. I expected more than I've seen so far. Jim