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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: chowder who wrote (80172)11/28/2000 6:52:31 AM
From: Winkman777  Read Replies (4) of 95453
 
Good morning dabum. Do you or anybody else think that this is another buying op? I've filled up margin in 2 of 3 accounts with shares and sold puts. My largest holding is now PDE with FLC close behind. IMO the forest has not changed, i.e. 2001 - the crisis.

Will have a lot more margin available when FLC (60% margin requirement at Fido)is taken in by RIG (35%). Watch to see the FLC high interest debt refinanced when it gets under the RIG umbrella. Cash flow should be excellent, although writing off goodwill from purchase of FLC will be a bit dilutive to earnings. The new BIG RIG should "rule the waves" from swamp to deepwater.

Last weeks build in crude due to partial release from SPR was inevitable. We will probably see the same in weeks to come.

OT: While not being as partisan as some of our nonpartisans,(VBG) it seems to me that the current vote in Florida should stand. In the Democratic counties, it was the Democrats who chose the butterfly ballot and the punch card voting method. Now they claim that their ballot/method is unfair?????

And not counting all of the military ballots from overseas because of technicalities???? Sounds like their shortsightedness pushed the self destruct button.

But to be fair, wouldn't the Republicans be pushing for a count of the "no vote" ballots if the situation was reversed?

Have a good day all. Winkman
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