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: John Doyle who wrote (44416)	5/10/1999 4:44:00 PM
From: Brent Hogenson	Read Replies (3) of 95453

Why would anybody not buy FLC now? FLC has enough cash to easily make it to the end of yr 2000. They have the largest revenue stream from signed contracts and they have the largest inventory of idle rigs(potential earnings growth). If you take a look at their annual report, they have something like 8 out of 12 of the world's ultra-deep rigs. They have the largest fleet of both deep water and shallow water rigs. If this recovery is for real, this stock will not stop at $20. Why would anybody buy any driller other than FLC? If Oil/Gas does not recover, all these stocks will go down. If we do get a recovery, FLC will return far more percentage wise than any other driller out their. My suggestion is you buy back your 40,000 shares before the next API report. It's only a matter of time IMHO! FWIW-(disclosure - my enthusiasm is either backed or blinded by my belief) I own 19,500 FLC, 1,000 RIG, 1,000 NBR

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