Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Burton who wrote (38337)	2/25/1999 8:26:00 PM
From: Rick S	Read Replies (2) of 95453

Someone posted on this on another board about FLC....<2/25/99 6:45 pm... AGGRESSIVE BUY... R&B FALCON (FLC 6-1/16)... Posts Q4 profit of $0.09 per share vs. $0.54 loss, full '98 EPS of $0.61 vs. $0.18... Full '98 results include $118 mln. charge related to cancellation of 2 rig conversion projects... In '99, deepwater segment will benefit from delivery of new rigs, solid contract backlog... FLC will idle some shallow water rigs in attempt to lower overhead.. Industry outlook is neutral, with stock trading at only 3 times estimated '99 EBITDA/share of $2.00, believe that further downside is nil. Morgan Capital Fund Group> Any comments... Rick S

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next