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

To: Big Dog who wrote (26887)	8/2/1998 2:09:00 PM
From: HH	Read Replies (1) \| Respond to of 95453

Well, BV is certainly a measure, so is earning power of those assets. The thing that intrigues me about GW is this past earning period was flat, no net income, yet positive EBITDA. So, essentially its like buying in this industry at start up. Buying in at BV , you basically get the management for free. Compare GLM's BV at ~$4.75/shr. I am not making the arguement to rush out and buy GW, or any driller but it's getting interesting. Its probable that GW's BV is lofty due to acquisitions but I think it deserves a closer look at a relatively healthy balance sheet. Can you tell me which niche GW is primarily exposed? HH