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: Aggie who wrote (63907)	4/5/2000 6:19:00 PM
From: Winkman777	Read Replies (2) of 95453

<<FLC - It would cost $43 per share to replace the equipment that it owns. It is trading at $20, which represents a great buy.>> Opinion on CNNfn: netcognizance.com My opinion: One of the most leveraged and secure places to invest in the present situation. Terrific cash flow when all their rigs go to work at late '97 type dayrates. And I agree with those who expect this recovery to probably last at least a few years. I am prejudiced, since after picking up more at 18.375 today FLC now makes up 43% of my accounts. Average cost 16+. Diversification, what's that? (sng) = (slightly nervous grin) Seriously, I like the "bird" better than other drillers like RIG, NBR, and NE. OPEC will hold crude in $25 neighborhood, and NG demand will continue to be strong. All JMHO. Good luck to all. Winkman

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