Date updated:05-22-2007
From 5-22-07:
Meanwhile, can the market get enough Transocean (RIG)? Schlumberger (SLB) acts like it is 1983. And agriculture/aerospace is so hot that you would have to believe the money out of drugs is going right into both complexes.
It's the anti-drug cartel.
I see no signs of this abating because the bias is that if the Fed has to do something, it will cut, but in the meantime the growth overseas and the need to find new oil in deeper places -- something we have been saying for a year now in these pages but is finally being listened to -- is just unabated.
And driving these stocks higher all of the time.
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A. The only one I own : SLX,
too hard pick a winner out all of them
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05/25/2007 18:28 PM CDT Asked by Peter Borromeo
With drillers, how could you ignore Ensco Int'l (ESV), up 25% since early January and with a P/E ratio of only 10?? -- It has one of the most modern deep water rig operations and has wisely moved many of their rigs from the gulf of Mexico to Africa, Asia etc at some of the highest daily rental rates in the industry.
Peter Borromeo
pmbpmb@excite.com