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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: jsabelko who wrote (214)	9/17/2006 3:35:46 PM
From: gcrispin	Respond to of 4080

I recently listened to the HP Lehman presentation and found it very instructive. HP has the highest margins in the group and for good reason. Basically, their rigs are more efficient in that they can drill more wells in less time on a smaller footprint. My next purchase in the group will be HP as I believe in any downturn their rigs would more likely be able to obtain long-term contracts. They have documented a better safety record with the flex-rigs. If you're interested in the group, I think you would find their presentation very interesting.