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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (44200)5/6/1999 4:58:00 PM
From: articwarrior  Read Replies (2) of 95453
 
"KEG's debt makes FLC look like DO."

Excellent example. When the smoke clears FLC will look more like SLB and KEG will run similarly. Key Energy Services is one of the world's largest oil and gas well service companies. Without liquidity your toast and this cash infusion will provide a bottom and base to rise off of. The deal has already been factored into the price. Since
the Dawson deal they dropped a long way. I know I got burned on the way down. See my KEG bashing posts. I believe that the picture is changing and we will see a steady upward movement from here.
Management has modified its position on massive acquisition and integration and now is concentrating on profitability.

Good Trading

Articwarrior
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