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


To: Richard D who wrote (26450)7/24/1998 7:17:00 PM
From: VLAD  Read Replies (5) | Respond to of 95453
 
God I'm getting to hate these stocks!

They continue too bleed beyond reasonable expectations. I just did some DD on the drillers I follow. Based on day rates at current levels and oil at $13.00-$14.00/brl they all will still see a nice increase in year over year earnings from 1997 to 1998. So even if oil remains at these levels until the end of the year I see EARNINGS GROWTH yet the prices of these stocks are hitting 2 year lows. Where are all the value investors when we need them?