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To: Big Dog who wrote (85398)	1/26/2001 10:10:41 AM
From: kollmhn	Respond to of 95453

Listen to the NBR CC. You'll hear Isenberg talking about the great fundamentals. There's just no getting around the obviously superb outlook. Things are so good that they are actually repatriating some rigs from international areas. Of course, the stock market IS responding to this continued evidence of pricing power, to wit NBR at a new high, UTI new high, GW within a 1/4 point, etc. As an aside, he mentioned their relationship with GRP. NBR is their largest customer and NBR buys 100% of its pipe from GRP. With NBR's refurb program and the fundamentals in general, he said "they (GRP) have an unbelievably good outlook." Gene has also previously said that peak eps could easily hit $6+ per share (if the cycle holds). He thinks it will.