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

To: David S. who wrote (10221)	1/30/1998 8:27:00 PM
From: Nils Mork-Ulnes	Read Replies (1) \| Respond to of 95453

>Nils, I am new to this thread, but not to the sector. Statistically, EGEO is being given away. Of course, if oil drops to $14-15-16 and stays there for 6 months, some seismic work will be deferred, but in a normal world, whatever that is - the value in EGEO is quite amazin. I have actually done a valuation matrix of the entire energy svc. sector of all stocks above $50 mill mkt cap, and this literally jumps off the page. Excellent management, and their 1st 2 quarters reported as a public company exceeded expectations. IPO at $17 last year, stock today 12 3/4. David, Thanks for your response. As far as I understand EGEO's earnings will be depressed 4Q 97 and 1Q 98 due to one of their vessels being out of commission as it is being upgraded. Maybe its that slowdown that caused the drop? Looks like growth will be good beyond that. Of course, they could always end up beating estimates too....