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

To: HH who wrote (6325)12/30/1997 11:54:00 PM
From: david james  Read Replies (2) | Respond to of 95453
 
Considering picking up both NE and GLM tomorrow. But could someone refer me to the post mentioning the different short levels in the drillers (I can't seem to find it).

I figure there's been a fair amount of "shorting against the box" with a lot of these because investors wanted to protect their gains following thier runs. If that was the case, then covering may be most heavy on Jan 2nd (if they can afford to wait) to avoid 97 taxes on the gains from the short.

David



To: HH who wrote (6325)12/31/1997 10:53:00 AM
From: Czechsinthemail  Read Replies (2) | Respond to of 95453
 
HH,
GLM has a drawback in that its earnings will be fully taxed going forward, which is expected to slow growth somewhat.

Since I'm also partial to strong balance sheets, I'd suggest taking a look at both NE and SDC. Not only do they have very strong balance sheets, but particularly strong sequential earnings growth for the quarter.

Baird


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