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

To: Second_Titan who wrote (86534)	2/7/2001 12:44:16 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 95453

Quehubo, you wrote: >>>SEOD PDS Did you see ML's $70 price target for PDS? Any thoughts or comments? If I recall this was a fav of yours. <<< I've done a quick comparison on land drillers using present PSR, +1 year PSR (based on my estimates for revenue & earnings), and +1 year PE (again based on my estimates). The jury is still out on some of these results as UTI, GW, STXD, TBDI, and PDS still haven't reported for this quarter, so I'll have a better idea and can refine my estimates in a few weeks. I used their prices as of a few minutes ago, and Canadian dollar exchange at $1.512. The ranking best to worst on present PSR is: STXD 1.3 PKD 1.8 PDS 2.7 TBDI 3.0 HP 4.1 UNT 4.3 GW 4.9 UTI 6.3 NBR 8.6 The ranking on PSR +1 year from now is: STXD 0.7 PKD 1.2 TBDI 1.9 PDS 2.3 UNT 2.5 HP 3.1 GW 3.2 UTI 4.4 NBR 5.4 And, the ranking on PE +1 year from now is: STXD 7.7 TBDI 9.6 UNT 11.4 HP 15.2 PDS 21.2 PKD 24.7 UTI 31.7 NBR 34.4 GW 198.0 Based on these results, I'd say PDS is a relatively good buy right now - right in the middle of the pack. The best in my opinion are STXD, PKD, TBDI, UNT, and PDS. The worst in my opinion are NBR, GW, and UTI. If I put a price of $70 in for PDS their current PSR becomes 4.4, +1 year PSR 3.9, and +1 year PE 30.7. I'd say these number are high, but you can see by comparison they are no higher than GW, UTI, and NBR are right now. It could happen, but I think it will get stopped by the recession bashing down all stocks. I would probably sell out at 50-ish. Disclosure - I own STXD, TBDI, and PDS March calls (that I've had forever it seems like). Don't own any of the others. Sharp