legmaker

Deep Sea Oil Drillers Show Potential for Gains

Forward PEs dont mean anything unless you have contracts to cover your assumed earnings. The reason that forward PEs mean nothing with respect to financials is we have no idea what their writeoffs will be on CDOs and etc. or consumer discretionary we are unsure how many people will lose their jobs so we dont know if they will buy the more expensive tooth paste. Whether or not a rig is called into play is not like the ground drillers as their contracts can be ended at anytime. The article shows what they have for revenues locked into contracts, these rigs are as close to a guarantee as you can get. Watch these stocks go up like crazy.