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: Jon Cave who wrote (45762)	6/2/1999 9:16:00 AM
From: Big Dog	Read Replies (1) of 95453

Looks to me like HLX bought FGI and effective control of the "new" company will go to HLX. JL will be there for two years...but maybe only as a "figurehead"? You can bet there is some behind the scenes action here. A "lame duck" CEO isn't of much value, IMO. So I bet it will be Dane who calls the shots. I would think FGI stock should move higher. I suspect now that the deal is "done" the heavy seller of FGI stock will be out of the picture and give it room to breathe. There is no doubt someone wanted FGI stock to stay down while this deal was getting hammered out. FGI at $20 puts HLX at about 9 1/4. Not unreasonable. big atoffshore.com

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