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

To: jbe who wrote (31822)	11/14/1998 7:56:00 PM
From: articwarrior	Respond to of 95453

"Arctic, which companies do you think are "cash rich"? Certainly not MIND and WG...That's precisely the problem" No... pasted the wrong part of your previous message. Cash rich would refer to NE, SCSWF etc. and others that I have yet to check out from the scan you ran. In another light IRAQ is not out of hot water yet... Seems US slammed Iraqs proposal! Message 6421788

To: jbe who wrote (31822)	11/15/1998 12:08:00 AM
From: Jamey	Read Replies (1) \| Respond to of 95453

JBE, welcome back; Since we are talking about oil drillers that are "cash rich" I would like to do a comparison between two companies that have essentially the same market cap. SII market Cap $1631. 25--------ESV Market Cap $1769.97 P/E 18 -------------------------P/E 6 EPS 1.81 ----------------------EPS $2.18 5 year growth 10.06% ----------- 5 year growth 67.53% Debt Eq. 1.24 ------------------ Debt Eq. 0.49 Book Val $6.56------------------ Book Val $8.75 Cash Assets $34 million--------- Cash Assets 293.6 million Which company would you buy given the choice? Now for the really big surprise! SII price per share--------------------- $33 1/2 (drumroll....) ESV price per share------------------ $12 9/16 ! I happen to own Ensco and I will recommend it over Schlumberger based on cash assets and fundamentals. Besides, its almost 1/3 the price of ole SII. Regards, Santiago