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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (9685)	10/20/1998 12:38:00 AM
From: Amigo Mike	Respond to of 29382

Si Amigo, The decline mainly due to oil prices and dayrates falling. The company won't earn the $2+ per share this year but will make a good showing ..... and it certainly should trade for more than double its current price with a normal PE. This one is easy money and could be a five or six bagger for those that like to stuff the mattress. Ah ....give yourself credit Ken ..... you know what they say about great minds ....... Amigo Mike

To: Ken W who wrote (9685)	10/20/1998 11:00:00 AM
From: lostmymoney	Read Replies (1) \| Respond to of 29382

Ken, Got this from Nabors drilling article today. ''There is a growing level of anecdotal evidence that our US Lower 48 rig count and pricing is bottoming. Almost all of our contracts in this unit have recently renewed at market rates. The very nature of these short-term contracts provides quick feedback that the rate of decline in rig margins is slowing dramatically. Furthermore, a number of our important customers in this market segment are indicating that they are planning increased activity starting in the fourth quarter.'' Mike