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


To: JessiDani who wrote (2673)11/2/1997 2:31:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 95453
 
Jessi, I follow VRC, and I've been in it for about 7 months. During that time the stock has risen 160% with no end in sight. Outside of the quarterly reports there is very little news. The backlog is huge and growing. I believe that this company will outpace the drillers. According to yesterdays NY Times article it looks like this sector will continue to thrive for some time to come because of the long delays in building rigs. Also, rig construction has been low for a number of years and the existing rigs need to be replaced.

Regards,

Paul