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: marc chatman who wrote (39601)	3/11/1999 11:04:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

marc; FLC - has the best upside real earnings leverage to an Oil run Do a chart from the end of Aug/1st Sept initial big blowoff in the Oilpatch - here are some quick stats: From Aug 27th 1998 SII + 73% BJS +51 WFT +45 PGO +29 DO +25 CAM +22 HAL + 22 SLB + 21 LAGGARDS - read values: FLC - 28% !!!!!!!!!!!!!!!!!!!!!!1 GLM - 5% RDC +5 ESV + 2 RIG minus -2% ---- can you belive this one ! If Oil prices recover and maintian levels above $14 - no company is more leveraged for upside earnings in the driller/service sector than FLC. It has the debt stigma of course, and that can not be ignored - however; that debt is also leverage to the upside in a rising crude enviroment - if OPEC does cut - FLC sees $10 + and will see $15 by end of summer imho.

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