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: Think4Yourself who wrote (50283)	9/2/1999 10:02:00 AM
From: SliderOnTheBlack	Read Replies (4) of 95453

Drillers & some Nat Gas Price - ''gossip'' from the frontlines fwiw... OKay; this is the Strictly Drilling thread.... I am laying in the weeds; simply waiting for a pop in RRC - hopefully I get a pop at the end of Sept on the JV closing & we see one final pull back in the OSX. I want B A D L Y to buy FLC ''calls'' and am looking at PDE as well. fwiw - imho; these are the 2 best plays upsidewise... If there is a ''Boom 2000'' (an unofficial Big Dog tm) then FLC ''HAS" to be the single stock with the most upside price appreciation and it will be my first stop and I will be a ''call option'' buyer - strongly so; if the ''dirty bird'' see's the $11's ever again...... FLC will be a $30 stock again if we see 150 rigs at work in the GOM - guaranteed ! KEG - certainly gets my attention; I love that marketshare in their niche - they own the early recovery stage of the Oilpatch - all of these workovers etc... Nat Gas onshore service & drilling will move up steadilly here; BUT - as I have not done any ''DD" on this; Bull - others; give me some numbers - revenue increases - support your targets with past numbers from the prior boom etc. - and show me how using standard sector multiples - mainly PE's; that KEG can be supported again at $8 -10-12 given the dilution... how do they get to $ .75 -$1.00 eps given their outstanding shares - can they ? At what PE multiple were they valued in the last boom - what was their eps etc... thanks PS - a contact in the Utility bizz - states his opinion; that Utilities & end users are strongly trying to ''talk down'' Nat Gas here..... they do not want to be forced to be buying to meet early initial demand in Oct. Nov. at $3.00 + then need to fill for the actual peak winter drawdown at what very, very. very easily could be peaks way over $3.00.... his quote. PS end users have a strong vested interest to be shorting Gas here to keep prices capped.... their fear is a speculative run up - that will kill them - as they have to buy for heating season draws from present storage. ... any reaction in nat gas stocks - is a strong buying opp here... watching OEI, XTO, CRK and for a good pullback in HSE if seen.

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