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: BigBull who wrote (42089)	4/12/1999 11:13:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

linkdog;bull - FLC I'm sitting on a limit order today @ $7 3/4's fwiw. With the news on FLC today - I'd try to catch it on a retracement either intra-day, or tomorrow...but, having a position in this one is becoming very important - ''all'' of the between the lines signals are putting FLC into play - read merger/buyout ...imho. - Recently FLC was what ? - $15 on the bounce last Sept-Oct.... buyout rumors $14-18ish right here in a stock deal - FLC gets to ride an acquirers stock up on the Oilpatch recovery....don't see a cash deal - certainly not at $14-18, at that price would have to be a stock deal; giving FLC holders a better appreciating currency with better Street sentiment imho - a win-win scenario. RIG moving nicely, SDC as well - were gifts last week; PGO remains the best risk/reward play - on a level all by itself imho - the best buy - bar none. Love OEI here & XTO $7ish - doubles+ by summer with reasonable OPEC compliance and less risk than the driller-service stocks imho.

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