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 (37381)	2/11/1999 6:43:00 PM
From: VLAD	Read Replies (1) of 95453

drsvelte, Looks like about 1/2 million shares traded all at once at about 3:20pm EST: quote.yahoo.com I notice that for the last 4 trading days they just close FLC at an intraday low: quote.yahoo.com I think that if the small mom and pop businesses go out of business it should be good for the larger companies left standing after this situation improves. I believe its called survival of the fittest. FLC has all those long term deep water contracts that IMO seem to be overlooked. The rest of their fleet is just going to have to struggle and compete with everyone else. If the day rates are too low they can just rack em and stack em and let the little guys either go under or get swallowed.

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