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

To: Stonehenge who wrote (6045)	12/23/1997 7:30:00 PM
From: David Einstein	Read Replies (2) \| Respond to of 95453

Standard and Poor's Outlook loves Ensco as well, regularly features it as one of their best 10 picks. It is in their platinum portfolio (but so were Oracle, Oxford Health, Greentree, Western Digital, Seagate, and many other flame-outs du jour). I own it too, as well as TDW, GLM, SDC, RB,VRC, ETC. And I'm tired of getting pounder every day. But just as it was a mistake to buy more 5-6 weeks ago when everything seemed as if it couldn't get any better (it couldn't), it may be as big an error to bail out now when things seem like they can't get any worse (although they have been). In other words, I'm just as confused as every one else on this thread is. At least it's nice to have folks in the same boat to talk to.

To: Stonehenge who wrote (6045)	12/23/1997 7:32:00 PM
From: pwrmstr	Read Replies (1) \| Respond to of 95453

You are almost in an identical position as I am. Check out the ESV thread. Someone there claims to have recently talked to an executive at the company. He confirmed that things were going well, that day rates were going to be up about $2500 in the next quarter, and that they were comfortable with current analyst projections. Ensco has been doing a lot of deals that should create an acceleration of earnings momentum in late 1998 and well into 1999 regardless of what happens to the price of oil near term. They have solid management as well. I would be interested in the views of others in the industry who have specific knowledge of the long-term prospects of Ensco's jack-up rigs versus other types of drilling platforms like deep water.