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: Flan who wrote (5526)	12/17/1997 2:48:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

I think Glen had to drive over to the broker to sell...and in La La Land trafic, he may NEVER get back. MDCO action is very interesting...something is no doubt going on here.

To: Flan who wrote (5526)	12/17/1997 2:51:00 PM
From: bw	Respond to of 95453

This daily pattern is beginning to look like an NBA game...just tune-in to the last 10 minutes [last hr. mkt.time] to determine the outcome. Let's see if the reserves come in off the bench again today <g> long..NE,RIG,ESV

To: Flan who wrote (5526)	12/17/1997 3:13:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Flan, If you have a continued or expanding rig shortage, the land drillers may show stronger performance going forward. But I think they are a riskier bet than the offshore and particularly the deep offshore drillers. It is simply more time and money consuming to build deep semisubmersible rigs and drillships than to build additional land rigs. That's why the supply/demand imbalance in the deep drilling sector is likely to persist longer, and companies involved in this sector should reflect that advantageous situation with higher dayrates, earnings and probably PE's. With so much uncertainty around the market fluctuations all the drilling companies have undergone, there is something to be said for the greater predictability these companies offer. On the other hand, if you bet on the land drillers and there is an expanding shortage in the land fleet, they will be able to leverage it into incredible profits. I like the predictability of the deep offshore drillers and their tight, hard to untighten market situation. But I think it depends on your forecast and your risk tolerance. Baird