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: Sam Miller who wrote (44187)	5/6/1999 2:32:00 PM
From: Douglas V. Fant	Read Replies (1) of 95453

Sam, I know that a lot of people like FLC, so here's a blurb on FLC's trading today.... Morning Update \| Intraday \| Market Wrap FLC -- Oil & Gas-Drill -- Basic Materials 06-May-99 10:28:43 Shares of R&B Falcon are oscillating between negative and positive territory today. The stock is currently down $1/16 to $11 1/8. Earlier bids from institutional brokers on I-Watch at $11 1/4 helped keep the stock above the break-even mark and we would look for renewed interest in the pre-trade market from bidders to signal that the stock will trade higher. At the current time, no new bids or sell offers have been issued so FLC has seen relatively directionless trading this morning. Other things worth watching is the movement of crude oil, as well as trends in the broader energy sector. Crude is currently trading 30 cents lower at $18.68 while other oil drillers are generally posting modest losses in today's session.

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