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.

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

To: gcrispin who wrote (28425)	10/8/2007 9:47:47 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78751

GW also buying a few shares of GW. I think the day for the US NG drillers will come. Price is cheap based on earnings, cash flow and replacement value of the rigs. I think GW is better positioned than PTEN which still has a lot of "old iron" around and their refurbished rigs are not as good as those of HP, GW and NBR. FWIW does anybody else see the bubble with deepwater drillers, in particular Jackup rigs? Plenty of supply coming online this year and next. Jackup rigs were the canary in the coal mine in the past, I think. DO and RIG should be vulnerable if Jackup dayrates drop.