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: drsvelte who wrote (37340)	2/11/1999 2:39:00 PM
From: VLAD	Read Replies (1) of 95453

drsvelt, I stand corrected. Daine down graded from strong buy to buy on February 2. According to your post they must have down graded again from buy to neutral. I have no respect for these bastards who down grade when a company stock is already trading well into a 52 week low. I believe FLC has an excellent long term business model. FLC was a $34.00+ stock last May and we traded today at 6 1/8 which is 82% off its 52 week high. Is this company going Chapter 11? Am I missing something here? I was under the impression that the stock was doing poorly with the sector because of low oil prices but this is starting to get ridiculous to say the least. Any danger of a take over if FLC's stock price continues to linger at these sub $7.00 prices???

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