Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Charles Macdonald who wrote (62190)	3/15/2000 2:27:00 PM
From: SargeK	Read Replies (1) of 95453

Charles Macdonald: "Any thoughts on what this means?" It very possibly means FGH is delaying detailed information of the disastrous 4Q/99 quarter results UNTIL 1Q/00 is complete. On Feb 22nd, FGH announced "The company is scheduled to release its fourth-quarter and full-year results on March 15." cbs.marketwatch.com. Comment: If recent Company releases are COMPLETE & ACCURATE, we KNOW very little was added to backlog in 4Q/99 and the rumor was the $143.5m Millenium S.A. may be removed from backlog. The delay may be some wishful thinking that 1Q/00 RESULTS may further cushion the impact of last years earnings losses and the significant decrease in BACKLOG. The $241m (announced) additions to backlog this quarter certainly mitigate results of the prior quarter; but, this is ALREADY known. I can only speculate that the FURTHER DELAY of information may be associated with some progress on the Amethyst rigs dispute WHICH arguably may be the remaining, MOST significant factor with regard to 4Q estimated results. FWIW SargeK NOTE: Sadly; but, characteristically, today's Press Release, raises more questions than it answers. "EYES ONLY FOR Mr. J. L. Holloway" If you need some HELP in Investors Relations, CALL ME! Hastings has the number. >g<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next