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

To: Broken_Clock who wrote (21918)	5/13/1998 11:37:00 AM
From: Challo Jeregy	Read Replies (2) \| Respond to of 95453

Are you a Bears fan now Papa?<g> :-( I am feeling a little sleepy now myself. (BTW ssshhhhhh- just between you and me - what is the correct interpretation?)

To: Broken_Clock who wrote (21918)	5/13/1998 12:57:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 95453

Papaya, SDC may be a good buy at these levels, but it runs two areas of risk. First, it has a pretty heavy land fleet, with most of that in the Middle East. The other is that their offshore fleet is primarily jackup rigs. Though they have significant exposure in the harsh environment jackup segment, they really aren't in deep drilling. Since the CEO predicted a slowdown, the company may not catch fire until oil prices rise. The big plus is a very strong balance sheet, but with lingering concerns about the company's near-term earnings performance, SDC may continue relatively weak. Baird