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

To: steve harris who wrote (35490)	1/20/1999 9:00:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Great info Steve on RDC; Basically, their loss will be the ''stacked'' period, which I think will be short - as it is a special ''harsh enviroment'' Rig. Their ''actual'' loss will be the difference of their new contract minus the original contract and the ''dead/stack'' time. Will not be $88 Million !!!!!!!!!!!!!!!!! I love RDC's balance sheet, having Palmer at the helm, their diversification is solid; and the Jack Up drillers are the most leveraged to upside earnings/dayrate improvements. RDC has much better Earnings forecasted by the analysts than ESV; hence RDC is THE shallow water company imho - ... much better than ESV GLM MRL imho. NE has to be viewed as transitioning towards more deepwater than RDC and has had some big block buys of late - somethings cooking with NE - for sure... a good choice on any dips here. Anyone waiting for UTI & PTEN here ? I like PTEN @ sub $3 1/2 and UTI in the $5-6 range. NBR will buy yet another imho - GW, UTI, or PTEN is going to get eaten.... GW with high debt has to do something imho. UTI most financially stable, PTEN - better choice than GW if the price is right... I love Natural Gas E&P's here; EVER and PETD look like small cap monsters in due time. I like EGAS - but, looks to have some ''cash'' problems ? - comments ? Big Caps like BR & NBL, or Enron are good buys; but the upside is with the small caps like EVER & PETD imho. APA is my large cap/International choice - waiting for a writedown and a dip sub $20... Get readddddy to Rrrrrrrrrrrrrrrumble - the 'Patch is heating up again ! What companies are on everyone's watch lists here ? Price targets ? I bought OII today after researching it from a couple of posters suggestions here a while back - let's get the ''idea'' hopper full again here.... ! Papaya; I hear you... it's just my opinion that the Street will hear of the turn in dayrates well before we do; and when dayrates turn and crude is firmly above $13 - I think we'll give up 30% here... I want to be 60% + in, right here and have 20% for a unforseen dip/average down and 20% for special situations... Also, using the ''margin'' tool for a ride up... I still say, BUY the creme de le creme right here, right NOW - they ''aint'' gona be cheap no mo when the tide turns....<VBG> !