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: SliderOnTheBlack who wrote (40183)	3/17/1999 10:37:00 AM
From: The Ox	Read Replies (1) of 95453

I don't think we should dismiss the concerns regarding FLC's debt. At the same time, if you believe that oil will base or move higher, then the worries should subside. I own FLC stock and the debt's disturbing but I believe we will trend toward $16 oil by the end of the year. If my expectations come true, then FLC's debt load won't drag the company down. If, in 5 months we get finger pointing and bickering from OPEC with lack of compliance for the announced cuts, that debt could loom large.

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