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

To: RGinPG who wrote (11875)	2/17/1998 11:24:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

Ron, thank you for your great web site. You must be a super-techie but there still has to be a lot of grunt work. I downloaded your data to Excel and noticed a couple of things. The land drillers are looking at forward earnings growth of 140% for 12 months and 73.8% for the second year, quite a bit higher than the ocean drillers. Land starts from a higher PE than ocean but would have lower PEs if everyone makes their numbers. Interesting when you consider the current level of pessimism about land drillers. The other thing is that drillers appear to have better prospects than services. My numbers are adjusted for today's swoon. nbr trail 12mo 12mo 24mo 24mo PE EG P/E EG P/E 6 Land 28.4 140.4% 10.8 73.8% 6.7 12 Ocean 20.7 70.8% 11.9 42.4% 8.4 18 Service 24.2 45.0% 16.4 34.4% 12.4 Thanks again, John