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

To: Thean who wrote (19335)4/16/1998 12:50:00 PM
From: Czechsinthemail  Respond to of 95453
 
Thean,

The land drillers may have had expectations lowered to the point where they will have a fairly easy time meeting or beating expectations, but I think their relative valuation still seems high compared with the shallow drillers -- unless we have a significant rise in oil prices and overall demand for drilling. In that case, ALL the drillers should do great, with the land and shallow drillers outperforming the deep drillers.

In the climate of relative uncertainty, I think ESV offers better value than the land drillers, particularly on the recent dip.

good luck,
Baird



To: Thean who wrote (19335)4/16/1998 2:01:00 PM
From: marc chatman  Respond to of 95453
 
Thean, I am waiting to see where the end of the day takes us with ESV to determine if I want to take a trading position in addition to my investment. I may decide to wait for HAL and/or SLB.

Are you out of everything now?


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