Friede Goldman: FGI (formerly FGII) Message Board

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Gold/Mining/Energy : Friede Goldman: FGI (formerly FGII)

FGI 9.740

+9.4%

1:17 PM EST

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To: Think4Yourself who wrote (12)	1/28/1999 6:51:00 PM
From: Wren	Read Replies (1) of 75

I don't own FGI now. I have been in and out several times with small gains. I have been out several weeks. A lot of people say that FGI shouldn't be hurt as much by the low oil price as oil service stocks like drillers. They apparently believe that FGI will get a lot of repair work on idle rigs. Do you believe that the drillers will spent their cash on getting their rigs in top shape now, so they will be ready for the next round of high activity in the oil patch? BTW, there is another FGI thread. You can go there by using the old symbol, FGII. It hasn't had much activity lately either.

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