Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (44580)	5/12/1999 12:40:00 PM
From: Gary Burton	of 95453

DLJ on FLC---hosting today and tomorrow in NY and Boston--DLJ expects an attempt at furthur liquidity cushion via line of credit and project financing...substantial eps leverage in US shallow water where the business outlook is starting to improve...deepwater startups largely on track, although there is some dispute over Falcon 100-DLJ expects it to be resolved soon, with the possibilty of work for 1-2 other rigs...new operating structure to be unveiled soon, with appointment of new COO...Target now $17, up from $15 (DLJ raised a number of others a bit too the other day)

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