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


To: HH who wrote (26889)8/2/1998 2:21:00 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
HH, I don't follow land rigs so close, so I couldn't tell you about GW's niche.

GW will do well once oil prices pick up. Just like the others. Seems like GW has a ton of debt, but I don't know for sure. Can they keep this debt current in a low day rate/utilization environment? For how long?

I personally wouldn't pay much attention to book value as stated unless it is marked to market on a current basis.

big
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