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


To: Giordano Bruno who wrote (19238)4/15/1998 8:24:00 PM
From: Laptev  Read Replies (1) | Respond to of 95453
 
Perhaps it is various drillers beating/meeting earnings expectations along with reports of increasing day-rates?

What I am wondering is why GLM with a 13ish PE isn't trading much much higher than $24 11/16.



To: Giordano Bruno who wrote (19238)4/16/1998 2:03:00 AM
From: Chuzzlewit  Respond to of 95453
 
Maybe, just maybe someone figured out that the price of oil does not drive the profits in these companies. Or maybe that's wishful thinking.

TTFN,
CTC