I hear Bloomberg reporters talking about "money flow", positive and negative. Are there any PKD stock holders out there that have any insights into PKD's money flow and the future of this stock?
Check the PKD webpage at www.parker.drilling.com.
Updates on Rig #257 (Caspian) and Rig #75
Also, check recent issues of Oil & Gas Journal for
articles on both rigs.
Rig #257 supposedly
scheduled to spud first well any day now. Rig #75 WOL.
Tentative spud date = September 15 - October 1.
Three months sooner than expected. This article
``With no schedule for another quota review before March
2000, they run a danger of creating an unsustainable
shortage before the year-end,'' said Standard Bank of
Ezgreen, using my little basket of stocks as a
platform, thought I would continue the comparison with
crude price and OSX stock price. Today�s close rendered
Of 10 contractors on my screen,
7 were up, 2 down, and one unchanged. UTI had the
biggest rise @+5.16%. DO the least rise @
PKD down 1.35% and RIG down .94%
Crude Oil- 22.00 +.51
Nat Gas - 2.56 +.09
observation: Crude price made a fairly dramatic recovery,
today. In general, OSX recovered also, but not in as
dramatic a fashion as Crude Price. In addition, it appears
that the �Majors� and the �Big Indy�s� had a broader
recovery than the OSX. But, everything considered, it
appears that OSX pretty well followed
Crude price, so
it�s still � The Price of Crude, Stupid�. At least
that�s my take on the situation before leaving for a
weekend of fishing. Recommend fishing, highly, to all
those in the doldrums of the stock market. T34 B
at Bloomberg - commodities -
Basically, the article says that OPEC compliance is good.
Oil is at $22.00 a barrel it looked like. There was a
rumor on the FLC board of a takeover at $25. I think
it's bull but FLC has gone up the last 3 days, when
most other companies I follow have gone sideways. In
addition, go to a website like Baker-Hughes or WTRG that
has the rig count. For the last time period the
increase in drilling was at a much greater rate. I mean,
the slope of the increasing trend was steeper.
Many people have in fact mentioned KEG on this
thread. In addition, PKD and KEG share many qualities:
1. low share price relative to
other oil service cos.
2. a lot of
3. potentially huge returns if the drilling
continues to increase
Your statement "Nobody cares
about a comparison of PKD and KEG" is absurd since half
the discussion on this board is about other oil
service cos - UNT, NBR, GW, PDE as well as numerous
others. You seem happy to complain if a message is
off-topic as well as if it's on-topic. Does your diaper
IMO what difference does it make how UNT raises
the money to pay PKD? as long as they pay them.
Diluted shares or not it's still a million shares.
Whatever they do,I, like your self suspect PKD knew it
ahead of time.
Whats the deal about PKD caring
about their employees? I didn't know that it was an
issue?, Other then in the limited "minds" of some of the
less informed and stupid that drift in and out of this
board with nothing else better to do with their
worthless lives then insult others while hiding behind
60+ years in the business should be
prove of their credibility and integrity.
is proof enough!<gg>
Thanks for your reply
LC and keep dry.
BTW,You don't have to reveal it
on the board if you prefer not to but arn't you in
Also FWIW I condone heartily your defense of
PKD.I was raised in Tulsa and worked for a company that
did business with PKD back in the middle 70's, I
found them to be a well respected and honest outfit
that was second to none in the drilling or any other
business.I like them.and have faith in them. And if some of
you out there don't like that: tough shit. Have a
the current status of PKD's Caspian Sea
adventure? Bally-hooed as the beginning of a new era in
exploration to be "closely monitored by the entire oil
industry." I have not heard anything about this operation
since their announcement on July 07, 1999 stating that
Rig 257 had set sail for the Northeast Caspian. Hell,
the Russian mob may have already absconded the rig,
sold it to the Iraqis or Libyans and laundered the
proceeds through Chase Manhattan and are presently
vacationing in Miami with some beautiful Cuban women. Tulsa
may be completely unaware of this turn of events as
the crew of Rig 257 may also be in Miami with the
"boys." But seriously folks any news?
VL has 3-5 year projected growth of 75% from
$4.87. ='s $8.52
Now how much help is that? I
can't believe the Parkers will settle for that nor
When this oil patch gets going IMO
pee kay dee will take off and that is going to happen
sooner than later once all the feces hit the fan in the
OPEC sector. Look for demand to escalate and take
prices up and then shortage in rigs and equipment will
enable pkd to put premium on. What the hell do I know?
Nothing. But VL and the other purveyors of BS know less.
The on the ground intelligence from posters here who
are reporting on patch activity is more reliable.
Keep watching for titbids from them and act
accordingly to stay ahead of the curve on patch
With Cheney(HAL) and others fortunes pegged to
performance the patch will treat us well in next 6 months,