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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (3478)11/21/1997 12:41:00 PM
From: Tom L. French  Read Replies (2) of 95453
 
Mike

I just saw a report that showed FGII has .4% institutional ownership.
Talk about undiscovered! NE has 76%, and RON 87% for comparison. At the risk of sounding too into TA, I suppose this could mean this stock has less downside risk with such low institutional ownership, but great upside potential when they discover it, after something happens to get their attention. <g>

BTW do you know how soon the second shipyard they are building will be up and running... maybe it is already? It is supposed to focus on offshore platforms. How much do you think it will increase their capacity?

Regards,

TomLF
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