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

To: bw who wrote (2569)	10/29/1997 8:33:00 PM
From: bw	Respond to of 95453

Was anybody able to decipher DO's quarterly? Did they beat the estimates? thanks...

To: bw who wrote (2569)	10/29/1997 8:50:00 PM
From: Broken_Clock	Respond to of 95453

There's an incredible amount of bogus info on the internet these days...Just want to tell you guys that have been posting here that you DON"T fall into that rather large category. Thanks to all for the posts. Everybody loves a winner! However, I do have some reservations and I welcome all comments on the following: theglobeandmail.com All the contracts the drillers have...do they have cancellation clauses? Perhaps higher oil costs are the solution, i.e. inflation at the pump! I remember reading that the Saudis are predicting $25 oil in 1998.

To: bw who wrote (2569)	10/29/1997 8:52:00 PM
From: Velocipher.	Read Replies (2) \| Respond to of 95453

First of all, the ones making the product that is in short supply will always trade at higher multiples versus the others. I would equate this for example with the trading in the semi's. FGII is like AMAT and AMAT always traded at a very high multiple. In this industry, new capacity will take alot longer than it did in the semi's to come on line. Also, even with easy entry to market in the semi's AMAT enjoyed about a three year run before capacity caught up to them. Here we are still only maybe just beginning the second year or so. Also the market will always react after it has already started, which tends to prolong the rise. As far as GLM goes they are in both deep and shallow and therefore will not get as high of a multiple as the pure play deep waters will get even with dayrates rising across the board. I don't know alot of the details with NE, something is definately going on in this stock, I agree that it looks undervalued on the surface, but the stock has not acted very well recently. Somebody has been selling fairly consistently IMO. Why? I have no idea, with the brokerage price target in the fifties this makes me wonder. Hope this helps, Greg