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: Post_Patrol who wrote (64474)	4/13/2000 10:59:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

FGH technically poised for a breakout thru resistance here ! ...Sarge - it is "finally" looking like a thing of beauty. $8 any day and we "stair-step" right back to $10 very quickly imho - asset sale info has established a solvency/insolvency floor under the company; biggest worry is gone & this goes back to $8-$12 trading range very quickly imho and will see $10 as a floor as TDW order rumor's become reality. Also - Don't get too giddy on this - yes; you were right to be excited about the TDW contracts - but, your timing was poor & you missed lots of action all over the patch; but - "word/rumor" is that FGH is going to get "fat" off of these contracts and that TDW "IS" absolutely going forward with the work. When an absolute titan-stalwart Company like TDW - who has the balance sheet to do what it wants and not worry about the short term reprecussions; bucks the market & analysts and plows forward with an aggressive cap ex program - that's a sure sign that inside the industry people are very, very, very confident of the cap ex spending & projects that are in the pipeline are going to happen and the overall outlook for the patch. Shell's very bullish upping of the 2000 Cap Ex was yet another sign. JL's One half - Million Dollar - "money where his mouth is " statement - is a BIGGIE - the man finally impressed me for the first time in many months and I would venture that in my opinon; timingwise - it looked to be about when the "rumors" of the TDW deal - being a "done deal" peaked - ie: I'd view his $500K buy as an endoresement of the confidence of the TDW work in addition to what's allready been announced. FGH is now in the classic "stairway to heaven" buy & hold mode potentially... We need to punch out $8 here and I think we are just about ready to do so... Load up boys - Bullsky - little more FGH on this pullback perhaps ?

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