Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : NORTON DRILLING (nort nasdaq) FORMERLY DSIC -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (246)	4/15/1998 9:30:00 PM
From: FIFO_kid2	Read Replies (1) \| Respond to of 295

Me rich. Own a bunch of NORT @ 1 1/8 and VARL @ 8. Best Driller? Precision Drilling PDS I think is by far the best buy in the industry as for PE and growth rate. PDS is growing money machine but I think NORT ranks up there for relative value and its low stock price will enhance your leverage. Your chances of inefficient pricing remains greater with a cheap stock. It doesn't take much momentum for it to carry from $1 to $2. Also don't discount the suppliers to the drillers I think Maverick Tube MAVK is a screaming buy. I would surmise that the majority of the wells NORT drills are for gas since the region of operation is prolific for natural gas. Since the natural gas prices held fairly steady I don't think we will get a large curtailment of exploration activity in the region. NORT however, had an easy quarter for comparison in quarter one. I don't see any top line growth anymore at NORT unless the daily rig rates rise again which is highly unlikely for the time being. Since the use of their rigs is currently at almost full capacity you cannot grow that contributing factor to the top line. To my knowledge one of their rigs are broken so I think the top for them is 94% utilization. Good Luck here and hope the momentum continues.