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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (655)	4/23/2001 10:42:52 AM
From: Big Dog	Read Replies (2) \| Respond to of 206272

Live from New York...The Dog reports. (Frank...gravity is a good bet every time.) Frost initiates coverage of COD: We are initiating coverage of Chiles Offshore (AMEX: COD; BUY; Price: $24.12; 12-Month Target: $37) today with a BUY rating and 12-month target price of $37, based on a multiple of 20x 2002 earnings. Our earnings estimates are $1.30 and $1.85 for 2001 and 2002, respectively. Chiles is a niche player in the ultra-premium jackup market, and is well positioned for excellent earnings growth for the next several years. We recommend Chiles for investors interested in benefiting from strong demand in the offshore jackup rig market.