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

To: upanddown who wrote (45912)	6/4/1999 2:04:00 PM
From: pz	Respond to of 95453

John, Looks like the turnaround continues. Paul

To: upanddown who wrote (45912)	6/4/1999 2:17:00 PM
From: IndioBlues	Read Replies (1) \| Respond to of 95453

RGO and CXY are a couple of Canadian-based e&p cos. that I follow. don't know which, if any, drillers tend to dominate up there.

To: upanddown who wrote (45912)	6/4/1999 3:06:00 PM
From: BigBull	Respond to of 95453

John, I like Canadian TESOF, they rent top drive units, and do underbalanced drilling. They are up 11% today. Very thin stock though. I'm going to TRY to hold onto this one, until it gets "discovered".

To: upanddown who wrote (45912)	6/4/1999 3:13:00 PM
From: ChanceIs	Read Replies (2) \| Respond to of 95453

HOUSTON: The European offshore rig count fell to its lowest level since 1994, according to Offshore Data Services' weekly mobile offshore rig count. A four-rig decline in the number of rigs under contract in European waters forced the region's offshore rig utilization rate below 80 percent. This week, 86 of the 110 mobile offshore drilling rigs deployed in the region are under contract. European offshore rig fleet utilization stands at 78.2 percent, its lowest level since May 1994. offshore-data.com It appears that the offshore rigs are continuing to decline wordwide, while land (especially gas) is rising quickly. This looks good for PTEN. I would have thought that offshore would have recovered more quickly because the costs to produce offshore are less. This does not look good for GIFI, UFAB, FLC, and FGI/HMAR.

To: upanddown who wrote (45912)	6/4/1999 4:41:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Today's jump in crude and gasoline reflects problems at a Conoco refinery. That, I think, is why OSX only rallied modestly.

To: upanddown who wrote (45912)	6/4/1999 5:37:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

John, This might be a good time to ask the mighty Perro Verde what he thinks of PKD. Well, O Veridian Dog, time to buy land drillers and seismics? If so, got any picks? Waiting Breathlessly, Bull O the GREENwood

To: upanddown who wrote (45912)	6/5/1999 11:05:00 AM
From: Craig C	Respond to of 95453

Canadian Drillers There is not many to chose from. Precision (PDS,N PD,T) is the biggest driller plus they have a lot of service rigs also. They also have been buying up specialty comp. the last several months. The stock has almost doubled since late winter though.Other major driller is Ensign Drilling (ESI,T).They do not have as many rigs as PD but they do have a good market share.The next in size is Akita Drilling (AKT.A,T). Other than that there is a small outfit called Tetonka Drilling (TDI,T) who have eight new drilling rigs ex PD employees who have a very good name in the business but they are small. For US companies up here in the Can woods Rowan, Nabors, Phelps, and Noble are both active.Nabors would be your most active of these I suspect. For strictly service rigs check out Bonus Res. (BOU,T) over 200 rigs. Problem is debt but a lot of Houston money is behind there debt. Hope this helps. I have learned a lot from this thread and I'am glad to be able to contribute.