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: jbe who wrote (31820)	11/14/1998 7:45:00 PM
From: articwarrior	Respond to of 95453

Just trying to be kind with LT debt/cap ratio of 71%. Bought up lots of puts on this lead balloon when it was 10 something. Will watch as the curtin closes....But three weeks ago had kegda 5 calls and sold them off before the drop. You see Keg really nailed me a couple of months ago I figure it owes me some returns. Just milking the "CRASH COW"

To: jbe who wrote (31820)	11/14/1998 8:17:00 PM
From: articwarrior	Respond to of 95453

"TIMBER-R-R-R-R-R! Not necessarily, though. The market does not seem to care about such numbers. (What does it care about, anyway?)" The market in the past has not "cared" because the future demand for oil had been good. Within the last year that has changed. Future projections call for decreased demand and supply is not slowing down fast enough to halt the regression. Fundamentals will play a strong part in these companies in this comming year unless demand suddenly increases and supply suddenly drops fast. You are asking for trouble if you believe that these numbers will not make a significant impact on this sector. My opinion is fundamental.. with decreasing cash flows from rigs only the low debt ratio and cash rich position companies can survive in a long term slow down. We agreewith financial analysis, I just like the common sense approach to this industry. " If Joe has too many apples that he can't sell them...And Joe borrowed against Joe's house to get the money to grow these apples which are rotting...Joe, just might be living in his apple tree soon.