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


To: Ahmed Elneweihi who wrote (36987)2/7/1999 4:13:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
How come I never see SDC mentioned in this thread, even though it seems to have much better relative strength than most drillers? For example, in the last wave down, it did not go anywhere near its bottom.

Ahmed, thats probably one of the reasons it is not getting much mention. Most of the buyers here are bottom-fishing and SDC has not gotten down to its previous lows around 12 that it hit prior to its two runs in the last three months. Its one of my favorites since I caught most of both runs and I want it again but lower.
It has a lot of unique strengths, including no debt, lots of cash, no GOM exposure and majority ownership by Kuwait.

John