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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 (19066)	4/14/1998 10:12:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

WOW!!!! That is good news. This link shows $0.16 though(still beats the 13 cents by a good bit). The land sector was supposed to be a problem this quarter...so this should help. biz.yahoo.com Parker Drilling Posts Second Quarter Earnings TULSA, Okla., April 14 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD - news) reported today unaudited revenue of $125,217,000 and net income of $12,226,000 or $.16 per share for the second quarter fiscal 1998, which ended Feb. 28. This compares to revenue of $79,042,000 and net income of $1,336,000 or $.02 per share for the same quarter one year ago. ''Each of our operating segments land drilling, offshore drilling and rental tools recorded an increase in revenue this quarter,'' said Robert L. Parker Jr., president and chief executive officer. ''Also, with our acquisition of Hercules Offshore Corporation, this quarter fully reflects Parker's strong position in the Gulf of Mexico offshore market,'' he added. A worldwide land and offshore drilling contractor, Parker Drilling also provides oil tool rental services. PARKER DRILLING COMPANY Financial Highlights (In thousands except per share data) Quarter Ended Feb. 28 Six Months Ended Feb. 28 Fiscal 1998 Fiscal 1997 Fiscal 1998 Fiscal 1997 Revenue $ 125,217 $ 79,042 $ 235,097 $124,240 Net Income $ 12,226 $ 1,336 $ 22,908 $ 2,815 Earnings Per Share (diluted) $ .16 $ .02 $ .29 $ .04 Total Assets $ 1,073,620 $ 740,496 $ 1,073,620 $740,496 Stockholders' Equity $ 372,340 $ 273,262 $ 372,340 $273,262 SOURCE: Parker Drilling Company

To: ron peterson who wrote (19066)	4/14/1998 10:37:00 PM
From: jbe	Read Replies (1) \| Respond to of 95453

PKD released earnings at 9:00pm $.30 verses estimate of $.13 should be a great day tomorrow for land drillers. For your sake (I don't personally own any land drillers), I hope you're right. But I wonder. After all, the big winner in the sector today (Tuesday) -- up by 15% -- was a little outfit that just went public a few months ago: Boots & Coots International Well Control (WEL). It has no earnings, a negative p/e, negative ROA & ROE, little cash, and its losses INCREASED last year by 86%! The only thing it apparently has going for it is a big jump in sales last quarter. (The other quarters stank.) This -- and the internet stock mania -- aroused my curiosity, and to satisfy it I ran a screen on Telescan to get a list of the top 25 price performers this calendar year, with a breakdown on sales, eps, p/e, debt, size, etc. Well, judging from what came up, in the short run investors don't give a hoot or a holler about earnings. What they want is a penny story stock, preferably one losing money, with hardly any sales growth, and with no cash on hand. Honest to God. All but 3 of the 25 had negative p.e.'s; and those 3 had p/e's of 334,110, and 35. And even after their huge run-up, ten of the 25 were still priced under $5.00. But if you run a search for the top 25 winners for the past twelve months, you get a very different picture. You get a list of predominantly very respectable and profitable companies. So -- be patient. Virtue will be rewarded -- but probably only in the long run. jbe