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

To: Robert S. who wrote (25741)	7/15/1998 12:18:00 AM
From: R. Murphey	Respond to of 95453

To the Thread: Apologies if this AMEX Energy Conference (July 14-15) was listed earlier. It may be a source of interest,.......... and movement in several issues. AMEX Conference Spotlighting Energy Companies - July 14-15 UTI presenting at 11:05am July 15 <<<snip>>> American Stock Exchange to Highlight its Energy Companies at Conference (Monday, July 13, 10:21 AM ET) WHAT: A timely two-day conference featuring senior management of many of the most actively traded American and Canadian energy companies listed on the American Stock Exchange. Presentations will be made to key analysts and fund managers involved in this dynamic industry. Full text and schedule: nt.excite.com:80/news/pr/980713/ny-amex-conference

To: Robert S. who wrote (25741)	7/15/1998 12:28:00 AM
From: SliderOnTheBlack	Respond to of 95453

Robert S; ... DO & RIG ...fastball down the middle huh; well my job was throwing them not hitting them; I feel lucky if I get good sacrifice bunt down on the ground on occassion; well here goes - RIG; --- offshore.inter.net '' Transocean Offshore Inc. is today one of the industry's principal authorities on drilling services and solutions in technically demanding segments of the offshore drilling industry. The Company possesses unmatched experience in deepwater and ultra-deepwater drilling, having drilled approximately 38 percent of all wells ever drilled in water depths greater than 3,000 feet and 95 percent of all wells drilled in water depths greater than 5,000 feet (based on data available in May). In the harsh environment drilling realm, Transocean Offshore Inc. owns the only two semisubmersibles to have operated year-round north of the Arctic Circle in Norway. The Company has full or partial ownership in 12 semisubmersibles currently operating in the North Sea, which is an industry leading position.'' ...kind of says it all doesn't it; however - one must pay a premium for this reputation and expertise over the price of DO. Diamond Offshore is run very, very low debt/cost - the premiere ''lean & mean'' machine IMHO - quite simply DO has a lower PE, lower debt - and has sold dollar to dollar with RIG in the past - now much cheaper, the spread has widened to where (IMHO) DO represents a little better value. No one can be faulted for buying RIG over DO. I think DO has more potential upside as a percentage of return than RIG; DO went through its prior 52 week low Monday - RIG stayed well above, which is an endorsement for RIG's earnings stability, but also an endorsement for DO's better value currently...just my thoughts. Also with all the newbuilds coming online for everyone ; I think the value placed on RIG by the market for their acknowledged experience/expertise gap will narrow as DO, FLC & NE gain experience at the deeperwater depths...& RIG will no longer garner this ''premium spread''. VRC has a great reputation; I did not mean to ''disrespect'' VRC or those who thought VRC was one of the top buys/values recently. My point was merely that they still had a high PE compared to say EVI; and EVI had a higher EPS growth rate going into 1999 and was really beaten down lately - it stands out as the best value IMHO. Any stock that was selling at a PE of 20+ was still a target untill perhaps today.... ...frozen rope ? (off that fastball down the middle ?)...