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Gold/Mining/Energy : FLC Falcon Drilling
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To: kendall harmon who wrote (433)8/18/1999 8:27:00 AM
From: Aggie   of 461
 
Kendall, thanks for that

I own a small position in FLC which I intend to hold onto. I wanted to increase when the price was around 6.5, but was fully invested (elsewhere) at the time.

At this price, considering all of the debt that FLC has signed on for, I think the stock overpriced.

Which is not to say it won't rebound with the surging oil market, just that I think it's encumbered and will perform more sluggishly as a result.

Regards and Good Luck,

Aggie
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