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: BigBull who wrote (49484)	8/19/1999 1:24:00 AM
From: Aggie	Read Replies (1) of 95453

BigBull, howdy Well.....I wouldn't call us grizzlies yet, but I'll settle for grizzled... As for R&B Falcon, I've been wrangling with those characters for years, and they are nothing if not consistent. By any measure, they are loaded up with debt and have near and middle term cash flow difficulties. Long term, they are a tempting roll of the dice - anybody that big has to survive, right? My contention is that debt service will sap rebounding revenues, and the stock performance will lag behind that of more prudent (low debt) contractors like DO and RIG. No bears here, I'm in the 'patch and hoe'in rows. Regards to All, Aggie

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