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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Harold S. who wrote (37431)2/12/1999 8:51:00 AM
From: The Ox  Read Replies (1) of 95453
 
I only suggested FLC as an option for purposes of example. There are many other options available to you, as you well know. DO, RIG, NE all have deep water exposure and could be candidates for a swap. MRL, ESV are 2 more that come to mind. FLC is the leverage play which brings with it greater risk but also the greater reward possibility.

One last option is to cash out and buy in after 30 days. We all know the risks involved with such a move. A consideration is that the OPEC meeting is still more then 30 days away. We could drift lower into the meeting.

My crystal ball is broken or I'd let you know exactly what's the best strategy for the short term.

best of luck with your evaluation process,
Michael
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