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Parker Drilling Co. Message Board

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  • manboking manboking Apr 16, 1999 7:09 PM Flag

    LC & T34 - Crude Oil & PKD

    Next resistance at 4.50, then 6.00, should be
    duable.
    Pay no attention to earnings, the internet
    stocks sure do not, why would this be different..?.

    Current earnings of PKD reflect the past, the slow down
    due to the lower commodity prices, and not the
    present positive price of oil.
    Forget about a
    buck-a-gallon for gasoline, that was Disneyland. As technology
    corrects the money flows to other sectors, the Dow large
    caps are close to their historical P/E highs, with
    some exceptions, not much stands top be made there.

    The market breath is finally improving due to
    rotation in to stocks like PKD, the big bucks will be made
    here now, not on the ones of yesterday.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Next resistance at 4.50, then 6.00, should be
      duable.
      Pay no attention to earnings, the internet
      stocks sure do not, why would this be different..?.

      Re-print from message No.6047 of 4/16/99 to
      EzGreen

      "Current earnings of PKD reflect the past, the slow down
      due to the lower commodity prices, and not the
      present positive price of oil. Forget about a
      buck-a-gallon for gasoline, that was Disneyland. As technology
      corrects the money flows to other sectors, the Dow large
      caps are close to their historical P/E highs, with
      some exceptions, not much stands to be made there.

      The market is finally improving due to rotation in to
      stocks like PKD, the big bucks will be made here now,
      not on the ones of yesterday."

      • 2 Replies to Manboking1
      • Re-print from message No.6047 of 4/16/99 to
        EzGreen

        Next resistance at 4.50, then 6.00, should be duable.

        Pay no attention to earnings, the internet stocks
        sure do not, why would this be different..?.


        "Current earnings of PKD reflect the past, the slow down
        due to the lower commodity prices, and not the
        present positive price of oil. Forget about a
        buck-a-gallon for gasoline, that was Disneyland. As internets,
        etc. correct the money flows to other sectors, the Dow
        large caps are close to their historical P/E highs,
        with some exceptions, not much stands to be made
        there.
        The market is finally improving due to
        rotation in to stocks like PKD, the big bucks will be made
        here now, not on the ones of yesterday."

      • Got out of PKD a while back--took a bath
        Thinking about dtickin my toe into Falcon today
        Any one care to share their thoughts with me

        Regards --TD

    • Next resistance of 4.50 will be taken out this
      comming week as the shorts bail out of PKD, next level
      6.00 is now douable with fridays action continuing.

      Pay no attention to earnings, this market is all
      about momentum, and this company is selling close to
      book value, history shows any time this happens the
      gains are geometric. Earnings are a function of the
      past and the future looks brighter with oil prices
      over 17.00.
      Vector Vest said it well "BUY", the
      "death spiral", and the "buck a gallon gas" belong in
      Wally World (B.S.). GO....PKD....!

    • what kollmnh says is true, what matters to PKD is
      the number of rigs working, not the price of oil. and
      the number of rigs doesn't always follow the oil
      price. see
      URL

      http://www.wtrg.com/oil_graphs/RIGCOUNT.gif

      having said that i think Kollmnh might be missing the
      forest for the trees. if asia is turning around, even if
      a bunch of higher office mexicans say OPEC isn't
      sticking together, the surplus oil will be sopped
      up

      i bought some PKD today, might buy some more
      monday. if the world economy is recovering this is a good
      time to get in. the only downside is PKD bankruptcy
      and/or worldwide recession

      notice Greenspan
      ragging Clinton about free trade. he's giving him cover
      to get China in the WTO. capitalism works and china
      and india have socialist/communist governments and
      1/3, yes 1/3, of the worlds population. and they are
      smart folks, too

      • 1 Reply to red_ant_
      • i've been harping about silver and own a ton of
        Apex Silver, i got in at 9.5 average and it's at 11
        now. the coming wireless age is going to be battery
        powered. plus, it's an inflation hedge if commodities do
        come back. plus buffet and soros own huge
        amounts

        article quote, url at bottom

        Silver used in
        batteries is estimated at 3.4 million ounces for 1994,
        according to the World Silver Survey 1995. The major
        application continues to be the small
        button-shaped silver
        oxide cell found most commonly in watches and hand-held
        electronic devices. Silver oxide batteries play a leading
        role in the emerging
        hand-held electronic product
        market because other types of cells must be larger to
        deliver an equivalent amount of power. Hearing aids,
        underwater research
        equipment and aerospace applications
        are among other industries relying on silver oxide
        batteries.


        http://www.silverinstitute.org/news/bk1095.htm

 
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