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: Post_Patrol who wrote (63858)	4/5/2000 12:53:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Support at 100-105 Postal, won't see your 95 imho...BUY FLC ! But; at least you've raised your target now from 80-85 (VBG). Buying FLC RIG - good buy on HAL Rory, I'm allready holding some from mid $30's otherwise I'd be re-entering/buying here too. HAL is a no-brainer, as is RIG and FLC. There is NO OTHER stock in the ENTIRE oilpatch with FLC's risk vs. reward upside - "if" we indeed do see a 2-3 year oilpatch boom - none. That SSB & some of these other brokerage houses have put up $50,$60 and $70 price targets on FLC here is not blue sky - not what so ever... It is a rather simple concept to FLC here; they have more capacity to bring to the market at peak dayrates than any other driller - those cold stacked rigs from the Cliffs Drilling purchase will be hitting the GOM running at peak dayrates and FLC will be THE cash machine of the entire oilpatch. Also; we have NOT seen the rotation, momentuem players yet - and when the daytrader - momenteum players do arrive - FLC is a name they all remember and FLC will be in Worth, Individual Investor, Barrons etc on everyone's buy list... FLC - THE play here.... There is no other component in the OSX with 3 bagger potential from here and FLC could be a 4 bagger from $17-18 to peak cycle highs (an 8 bagger on margin ?- imagine that...). The Dirty Bird may alone take me to critical mass... I may end up holding 75% of my portfolio in RIG FLC HAL PGO here on further weakness - 25% remains in some integrated-mini-majors, a few remaining mid cap E&P's and BSNX as a large position play on NG. At $16 - FLC will become 40% of my entire portfolio at the minimum... only because it will be a near historic value anomaly opportunity imho. Again, my goal has been to positon myself 100% invested in a buy & hold mode - and only "trade" with margin; If FLC hits $16'is, RIG $40, PGO $14/15, HAL mid $30's - there will be no upside risk vs. reward wise to be an active daily trader and trying to time the moves - I'll become the happiest "long term holder" in the entire oilpatch if those targets get hit here... I'll trade with margin - that's if I have any left if FLC hits the $16's, or those other stocks hit those targets... Bottom is near - watch API's do a reversal next week... OSX 130 by Memorial day imo. RIG FLC HAL lead the breakout and PGO is the laggagrd/value play. I will add P TX OXY UCL all the way up; with my profits from the OSX rally fwiw... great buys - but they wont run with the OSX on the bounce imho. Got FLC ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next