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: SliderOnTheBlack who wrote (31216)	10/28/1998 9:57:00 AM
From: Redman	Read Replies (3) of 95453

Slider or Big D, I currently own quite alot of mavk, fgii and gifi. I am getting very concerned about gifi--as their backlog work orders are fading and I do not see them picking back up until oil rises again. My question: I am very comfortable with fgii, and since gifi is in the same business I thought I would take a loss on it (as I luckily have some substantial gains in tech stocks) and flip it into an offshore driller in the same price range. I am looking at rdc or flc as the drillers to go into. What are your thoughts on this move, or is their a better sector within the OS to be ? I really want to keep the money in this sector as I truly believe January will bring with it equilibrium in supply/demand and good news over seas as to economic recovery. Any thoughts are very much appreciated. red

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