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

To: ron peterson who wrote (15814)	3/21/1998 5:18:00 PM
From: RGinPG	Respond to of 95453

It's too small. Market cap is only 107 mil, the third smallest company I follow. It services land drillers, which seems out of favor right now. Only one analyst following the company and he has revised earnings downward recently. The chart has a series of lower lows and lower highs. If it turned around right now it would be its first higher low in a long time. It seems to be following the land drillers pretty closely, so if you think the land drillers have hit their lows, then it may be a good play. With a small, lightly traded (although not as bad as GMRK) stock like this, anything can happen. One analyst is not enough to really be fair to compare the fundamentals with it's peers (although it is one of the most undervalued by projected P/E's of all those I follow). Unless you know the company, and have information that most other people don't, it's a gamble. Why not invest instead in companies with some resistance to oil prices and who are in a proven turnaround pattern stock price wise? Yes, I'm talking about the deep drillers.