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


To: Lucretius who wrote (14663)3/12/1998 6:55:00 PM
From: RGinPG  Read Replies (3) | Respond to of 95453
 
I've got a better idea, why not buy MDCO, ESV, FLC, NE, RIG, DO, RDC, CDG, FGII, VRC, EVI, and RON. They are all great companies that are great buys right now. Who knows which one will go up the fastest, so why try to guess? They will all go up, so why not buy them all! (I'm being serious, I've got em all except RIG, VRC, EVI, and RON, but I plan to have them too within the next 4 trading days).



To: Lucretius who wrote (14663)3/12/1998 7:01:00 PM
From: 007  Respond to of 95453
 
Luke, I didn't know you liked NE! : ' >

Here's an idea who's time may have come:
Check out MAVK or NSS. First oil dropped, then Asian imports became cheap and then it was announced that customer inventory levels were high. How could it get any worse? They're trading at pe's under 15, price to sales ratios under 1, with revised earnings growth over 40%.
Comments?
007



To: Lucretius who wrote (14663)3/12/1998 7:49:00 PM
From: shadowfax  Read Replies (1) | Respond to of 95453
 
LT you have made a strong case for NE. I was wondering seing both NE and RDC are about the same price now, which you like of the two?



To: Lucretius who wrote (14663)3/12/1998 8:46:00 PM
From: wggm  Read Replies (1) | Respond to of 95453
 
Lucretius, three questions, if you don't mind. 1) which are your favorite drillers other than NE? 2) I am long FLC and was under the impression that because they controlled almost all the barges, they could basically set the price. Is this correct? 3) If natgas prices rise and oil remains at its current levels, what will happen to dayrates in the shallow waters and which drillers will get hurt/benefit the most from such a scenario?