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

To: marc chatman who wrote (22572)	5/21/1998 5:49:00 AM
From: Thomas J Pittman	Read Replies (1) \| Respond to of 95453

Marc, Thanks for your post. I am currently trying to decide among RIG, CDG, DO, GLM and possibly TDW. My own tendency is to analyze these based on fundamentals with very little emphasis on TA or any other method. One of the things I am trying to establish is a worst case low. I notice that TDW is actually trading at about PE = 5 or so. I recognize that their business is different in that they are pretty much ships, but are PE's of that level commonplace in sharp downturns for the sector? If so, there could easily be much downside left if the oil situation continues and forward estimates start dropping. Thanks for your thoughts, J