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: Iceberg who wrote (5952)	12/23/1997 9:15:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Don't know NORT. Ice -- I grew up in Port Arthur and went to Lamar for a while after the war (an Glen, I ain't talkin' 'bout WWII). Graduated from Texas A&M though...that's how come I be so smart!

To: Iceberg who wrote (5952)	12/23/1997 11:10:00 AM
From: Swede	Read Replies (4) \| Respond to of 95453

Hey, since Y'all so nice to Loosiana(my home state), I decided to end my long-time lurk and send everybody a Christmas present. James Wickland at Rauscher Pierce is a top oil analyst. On 12/16 he wrote:(just a few lines from a long,bullish report) "Seasonally,oilfield service stocks get weak around this time virtually every year....The point is that this time of year represents a significant buying opportunity to investors with time horizons past Dec.31...Best Ideas: We would be buying the offshore drillers, especially the deepwater cos., including NE,FLC,SDC,ATW,and RIG." (He also likes , in other areas, BJS,TBI, KEG,DPSI,TDGO,VTS; in land drillers, UTI --"with some of the greatest earnings leverage of the sector"-- BDI, and NBR. "TDW continues to be one of the cheapest, best managed plays in the group....In summary the recent weakness in the oilfield service sector is not surprising..seasonal in its effect, not fundamental...largely driven by outside forces with no basis in the sector. THERE IS NO QUESTION THAT THE CYCLE WILL RUN FOR SEVERAL MORE YEARS (emphasis mine). While multiples may contact through the cycle, the significantly higher earnings growth rate should still cause the sector to outpreform the broad market. We would use this seasonal weakness as a buying opportunity." Merry Christmas to All--AND a Happy New Year!