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: pbd007 who wrote (87560)	2/17/2001 10:33:20 AM
From: Razorbak	Read Replies (2) of 95453

WEL - My New Year's "Runt" Boots & Coots was mostly a Lazarus play, since I'm a turnaround consultant, and I'm always looking for good turnaround plays for the speculative portion of my portfolio. However, some sentiment was involved as well. I once collaborated with Jerry Winchester, B&C's CEO, several years ago on a proposal to OGDC in Pakistan when we were both still worked for Halliburton, and I was pretty impressed by his knowledge, experience, and attitude. I bought at $0.50 on January 3rd when the announcement of the balance sheet restructuring was made... biz.yahoo.com Anyone who was following the stock in its 2000 spiral downward knows that this restructuring made a huge improvement to the company's basic financial condition. Pretty impressive deal, IMHO, for a company with one foot figuratively already in the grave. Obviously the Mississippi gas well blowout was behind the latest move. biz.yahoo.com T/A indicates that it's way overbought now, so I sold the news yesterday afternoon at $0.90. Can't pass up an 80% gain in 1 1/2 months. Not in this market! When the T/A bottoms and reverses, I'll probably re-enter. So tell me about the Company's business plan and why it's doomed to fail? Regards, Razor

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