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

To: Broken_Clock who wrote (33466)	12/28/1998 10:35:00 AM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 95453

Papya; RE:" Deep, DEEP DooDooDrillerz " >Do you have info on Chippy that makes you more bullish? I know they have a unique niche in the deepwater arena, and I assume that they are not seeing earnings deterioration... no... just the chartz, amigo. Some old oiler here in Houston smiled at me and said, "wahl, they's ain't g'wan t'zero, son! " ...though sometimes I wonder (^_^) threadz wid' me Dudes, FWIW... -Steve --------------------------------------------------------------------- Berney; RE:" Bloated Whales, Not " If you're up late again {grin} run these #@!!(% things through F/A: SLB HAL CXIPY RIG RON SII TDW BHI NBR NE RDC GLM FLC VRC GLBL The familiar components of the PHLX:OSX.X - Oil Service Sector Index; it's price-weighted, in the order that I listed them, with the exception of CXIPY - Coflexip ADR, which is my own, personal torture machine @ ~35 (^_^) -Steve MG, Re: Whale Oil Who me up late? Funny how we think alike. Actually had a limit order in on GLM at $8 5/8, but took it off to buy the rodent again (DIS). I agree that this is a good entry point. However, I think they are still going to bounce for some time to come. The problem is some very tough quarter over comparisons. For example, TDW had $1.21 vs. $ .66 estimated this quarter. Next quarter is even worse. This is common in this industry. VRC* is the only company that has had annual sequential revenue and EPS growth. And now, the drum role. CURRENT HISTORICAL EPS PROJ FA SYMBOL PE AVERAGE ROE GROWTH SCORE SLB 21.5 30.9 19.4 17.3 4 HAL 90.9 28.0 17.6 14.9 0 CXIPY NM NM 3.9 24.8 1 RIG 8.4 29.2 8.8 27.9 7 RON 8.2 NM 21.9 16.3 8 SII 12.7 18.1 21.8 15.0 8 TDW 5.2 23.1 31.6 14.7 10 BHI NM 56.4 3.7 15.0 2 NBR 9.4 47.8 15.8 23.5 8 NE 9.1 34.8 22.4 25.2 7 GLM 6.2 NM 38.6 14.9 6 FLC 8.1 NM NM 26.2 2 VRC 6.8 26.2 19.7 12.1 11 GLBL 9.0 16.9 15.5 22.9 8 Enjoy! Berney Berney; RE:" Whale Oil " Thanks for the F/A crunch; TB. VRC - Varco, eh? I've never liked TDW - Tidewater much; it's really transport rather than one of the three OSX.X sector's sub-sectors: "drillers", "machinery&equip" or "services". T/A-wise, bellwethers SLB & HAL are almost 100% auto-correlated, and perhaps the safest holdings; though FSESX - Fidelity Select Energy Services Fund is the easy way to bet on oilers in '99. -Steve MG, Nice Call The oils definitely acted like they found a bottom. BTW, The most interesting in the group was BHI. It has a lousy fundamental score, and didn't impress me much as a company. But, last month all 10 of the top ten mutual funds that own the stock were buying and buying big; to the tune of 6.5% of the outstanding shares. It seems to me that you could pick one of each category (driller, equipment, services and/or transport) and you could do just as well as a mutual fund. What really impressed me was the 52 week high on the stocks. You got to figure that even if it took them three or four years to see those highs again, you had a really good rate of return. Berney