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: The Perfect Hedge who wrote (9620)	1/25/1998 10:43:00 AM
From: wlheatmoon	Read Replies (2) of 95453

There's a nice article on the value of FGII on NY Times Business section on Sunday. Primarily, there is a lot of business and the stock is oversold. The principle reason for resiliency to the short term effect of oil price is that oil-service stocks like FGII caters to large oil companies that explore and seek to bring wells into production in the deep waters of the Gulf of Mexico, off the west coast of Africa and elsewhere. These projects usually require 7-10 years from exploration to production. I don't know if it's on the NY Times Online. I don't have a scanner and it's too long to type out. Makes for good reading and may reassure people like me that all will eventually be okay. mike

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