Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Angell who wrote (30370)	10/6/1998 12:43:00 AM
From: Fredman	Respond to of 95453

but it can also depend on WHO their clients are, and maybe also WHERE they are drilling, and how long they have contracts for. Comparing debt to assets, MRL is a good buy, BWDIK ?? so i own some GLM MRL BDI UTI and NORT. (I bought NORT simply because i had $125.00 laying around collecting little interest in one of my investment accounts - not a lot you can buy 100 shares of with $100 or so bucks....) based on your 3 lists, the only ones that are on all 3 are DO CDIS RON ESV WFT and SDC. logic would say buy from THAT list, but this market is illogical........... it seems people buy 'what's hot', and not what is financially sound........

To: Paul Angell who wrote (30370)	10/6/1998 1:35:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

Paul, I noticed one on all three of your screens is SDC. I may get some tomorrow. Looks really cheap (though that means nothing in this sector). One thing I really like is no GOM exposure. They seem to be in stronger areas, North Sea and Middle East. About split 50-50 between land and offshore rigs. Most of the land rigs are in the Middle East, where, presumably, its majority owner (Kuwait) keeps them busy. I am hoping that SDC is more insulated from falling utilizations and dayrates than others. They do have some deepwater rigs though I am having problems finding out what pct of offshore is deepwater. Appreciate any knowledge you may have about them. Thanks, John