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: Think4Yourself who wrote (71262)	8/21/2000 10:17:09 AM
From: edward miller	Read Replies (2) of 95453

JQP and others, It seems to me that the RIG/FLC deal is a good thing looking forward. However, with RIG below 55 this AM (down 3), it looks like the 2:1 stock price ratio is being pulled down to the FLC price rather than the opposite. Looking at the RIG chart, this looks like a pullback to support. If the lows hold, then I am thinking that the play here might be to buy RIG for a long term hold. This is definitely not a short term strategy, but with all the potential the buy in FLC the earnings in a year or so may make RIG the place to be in the services. Any comments?

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