SI
SI
discoversearch

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 : NORTON DRILLING (nort nasdaq) FORMERLY DSIC -- Ignore unavailable to you. Want to Upgrade?


To: Paul W who wrote (199)2/11/1998 5:20:00 PM
From: Hunter  Read Replies (1) | Respond to of 295
 
Looking at last quarter earnings (not those due out any day) wouldn't you expect the earnings to be similar this quarter. Fourth quarter 97 utilization of rigs should have been high since oil prices didn't go down significantly during this period. If the earnings are similar wouldn't that significantly boost the last 12 months of earnings and thus put current price at a P/E under 10.