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: marc chatman who wrote (20919)	4/30/1998 7:28:00 PM
From: Douglas V. Fant	Read Replies (1) of 95453

marc, I like RDC because they paid down/redeemed completely one class of senior subordinated debt. In its January 1998 earnings release the RDC CEO stated that paying down that class of debt saved RDC $10mmm annually in principal and interest payment. So RDC is actively lowering its costs of doing business- which I like to see.... I also saw a portion of a brokerage report on EVI last week (Issued by DLJ I believe? Not totally sure..) which indicated that post-merger with WII that cash flow would reach $6.02/share later in 1998.... Sincerely, Doug F.

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