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

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To: Douglas V. Fant who wrote (41462)4/1/1999 12:38:00 PM
From: JungleInvestor  Read Replies (3) of 95453
 
Found this excerpt on FLC thread as possible reason for FLC eakness today:

goldokhtar re: TheStreet
by: trvalot 7482 of 7485
Basically, ARC owns an 82% stake in Vastar and it looks like BPA would tender an offer for the remaining shares.

The problem is that Vastar had initiated long term contracts with FLC and DO for its multiyear programs but BPA will probably induce cost cutting programs which would alter Valstars production schedule so the need for the rigs may diminish.
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