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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (46522)	6/16/1999 12:36:00 PM
From: Big Dog	Read Replies (7) \| Respond to of 95453

oilbabe (now there is something we could use MORE of!) If you have followed this board very long, you'll know that I have been the biggest FGI bull on earth for about two years. I wouldn't buy it now. Not that this is a bad price -- maybe it is, maybe it isn't. But I think the downside risk outweighs the upside reward right now -- except MAYBE for nimble trading. The reason is plain and simple -- there WILL NOT be any new rigs ordered for at least 12-18 months, maybe longer. Even if things go peachy in the patch. Can FGI make its cake on repair work? Not the kind of cake the street will gobble. FGI does not have a good track record on anything but rigs. The HLX merger is supposed to help this, but I don't know...you don't see HLX pulling in with truck loads of money, do you? I would steer clear of FGI...not that it might not make a run back to 20+, but I think there are other stocks that have better risk/reward outlooks. We have a serious shortage of babes over here at Strictly Drilling...however the babes we DO have are of superior talent and intelligence, and treat us pretty good too (now if they could only cook!). If you live near the Big Apple you might consider rooming with our hotelier, diana g. She only houses good lookin' babes though, you gotta pass her criteria. A Perro Grande welcome to you. big atoffshore.com