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

To: Minos who wrote (48960)	8/6/1999 11:29:00 AM
From: The Ox	Read Replies (4) \| Respond to of 95453

As far as I can tell, the 2 main issues for FGI are: 1) HLX merger - seen as a negative right now as FGI was much more profitable then HLX has been(lately), so the perception is that FGI may have a tough road ahead during the integration/consolidation phase of the merger. It may be a few quarters or more before they get the kinks worked out and the synergies of size start to trickle to the bottom line. 2) OS Construction companies have been lagging the sector as new drilling hasn't improved greatly and Cap-Ex are just now starting to increase. These companies will probably be some of the last to see the coming "boom". Anyone see it differently?

To: Minos who wrote (48960)	8/6/1999 12:01:00 PM
From: IndioBlues	Respond to of 95453

Possibly some shorts getting squeezed on FGI <eom>