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

To: The Perfect Hedge who wrote (6055)	12/23/1997 8:55:00 PM
From: Slyfox	Respond to of 95453

To ALL: New Drilling Company - Tetonka Drilling (TDI-T) Tetonka Drilling comes fast out of the chute fast On September 29, Tetonka Drilling Inc. spudded its first well, but the Calgary-based rig contractor boasts an unusual depth on management and financial strength for a newbie. Its board includes Daryl (Doc) Seaman and his son Robert, along with Jeffery McCaig, CEO of Trimac Corp. Elson McDougald, Tetonka's chairman and CEO, is an old friend of Doc Seaman, a director of Alberta Treasury Branches and a former directorof Vencap Equities. Brokers say the company's initial share offering of $15 million has been heavily oversubscribed. "By spring break-up, we'll have seven rigs built," says Tetonka marketing vice-president Paul Fuller. He, like the entire field crew of the first rig, as well as Tetonka's chief operating officer (Terry Rosentretor), its operations vice-president, (Wayne Coon) and operations manager (Gerald Coate), are all refugees from Precision Drilling Corp., whose CEO Hank Swartout rules with too heavy of a hand for some tastes. Tetonka's first four rigs have all been contracted for four years, long enough to recover their capital cost of $3 million apiece. Two more rigs have three year contracts and Mr. Fuller is optimistic that the seventh will soon have a long-term taker. "Our third well was started drilling after six hours after the last truckload arrived," he says, "and we'll get faster as we get more familiar with the equipment." Source: Alberta Report November 24, 1997, page 17

To: The Perfect Hedge who wrote (6055)	12/23/1997 9:36:00 PM
From: Evan Dimmer	Respond to of 95453

Hey all: I just saw a show call "The Bull & The Bear", wonder if any of you have ever seen that before. But anyway, they had a pick from Linda Gasparello (anyone ever heard of her?) who picked SLB. She gave it "4 Bulls" out of 4 I guess. She seemed to really like it. It seems everywhere one looks, there is good news about these drilling and service stocks. People get all excited about the news, but then the prices keep on going down. I for one believe that they will start to go up before the new year. Probably the 29th of December. Hopefully at least!!!!! Ed

To: The Perfect Hedge who wrote (6055)	12/23/1997 9:55:00 PM
From: Tony D.	Respond to of 95453

Thanks Glen - appreciate the news regarding TDW. If TDW's earnings truely go down, I think fair value would still be 12 x FY99 (5.17) = 62.04. Thanks, Tony D.

To: The Perfect Hedge who wrote (6055)	12/23/1997 10:09:00 PM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 95453

Merry Christmas to everyone who reads the thread(you too Micheal).May you all have a safe and warm holiday.I hope next year brings us more green.GD

To: The Perfect Hedge who wrote (6055)	12/23/1997 10:10:00 PM
From: CrabDaddy	Read Replies (1) \| Respond to of 95453

I can't figure this out. TDW had earnings estimates cut - from what I can tell that should have been good for about 3 points on the upside. This is confusing as hell and I'm not gonna... wait - what the...It looks like...yep, the easter bunny just fell down my chimney with a bag of presents...I better ask him about this sector because he's not half as flustered as I am. Merry Christmas - Maybe Santa will bring me some Amazon.com stock. For some reason, these companies with no earnings do pretty damn well as far as stock price goes. MORE EGGNOG Crab Daddy