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

To: Bill Morel who wrote (5204)	12/15/1997 3:56:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Bill, DO has had its earnings estimates trimmed a bit due to a rig expected to be out of commission through this quarter. If you want to shift out of DO into a similar offshore company, you might consider NE, RIG, RB/FLC or SDC. Of these, NE should show the best incremental earnings bounce due to a number of rigs coming back on stream and renegotiated contracts at higher dayrates. SDC may show most rebound from its heavily oversold status; it is a quality company with strong international presence. RIG has a high-quality fleet and should show strong incremental earnings growth, but it seems a bit pricier than the rest. RB/FLC has an exploration program that so far hasn't produced much but dry holes; if they find something, you get an extra kicker, if not you get an extra kick. Of these, I'm concentrating on NE and SDC right now. Baird