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: SargeK who wrote (57647)	12/31/1999 1:15:00 AM
From: upanddown	Read Replies (1) of 95453

Sarge My apologies to you too. Sometimes the frustration of sitting in a value sector like OS while dopes are getting rich on dotcom insanity can cause some ill-advised comments. I just thought you were over-doing the FGH stuff. I have a big position in it also and I think patience will be rewarded but it may take a lot of positive news and a lot of time. I expect a lot of good news in the new year. I don't agree with the idea that they are totally dependent on new orders for deepwater rigs. Their business is much more complex than that and a drilling boom in the gulf will generate lots of new business even without rig orders. Hell, they better not be dependent on deepwater rigs. They didn't get that much from the last boom. Most of the orders went to foreign yards. My best to you and yours for the new year. John

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