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.

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

To: Redman who wrote (3396)	11/20/1997 6:44:00 PM
From: Jay Arkay	Read Replies (1) \| Respond to of 95453

Akita Drilling (AKT.A) was featured as one of four "buys" in the Canadian oil and gas service sector by The Investment Reporter (November 21 issue), the Canadian investment newsletter with probably the best long-run performance of any. The other three buys were Newalta Corp. (NAL; all symbols on TSE); Precision Drilling (PD; also trades on NYSE under the symbol PDS); and Foremost Inds. (FMO). Of these four buys, Akita had the lowest PE ratio (14.0 versus 20.0 for Precision Drilling; all of these figures are for share prices before the recent sharp downdraft affecting the entire sector). Moreover, Akita also had the lowest debt/cash flow ratio, at zero, versus 0.4 for FMO, 1.3 for PD, and 1.4 for NAL. The report concludes, "Akita Drilling and Foremost Industries are among the most undervalued companies in the industry. Buy." Subscribers to The Investment Reporter who have followed their recommendations have profited handsomely for a number of years.