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To: wlheatmoon who wrote (61084)9/9/1999 5:07:00 PM
From: Lucretius  Respond to of 86076
 
no, like i said i would think that it would fall back as finacial mkts crash around the globe. most drillers need $17, i'd think we would fall below that.

FLC is one i watch cause it is VERY weak financially. if dayrates were headed much higher and the mkt thought oil was staying here, FLC should meltup... its not. DALY is another one on crumblng ground that isn't going vertical.

their current action remind me alot of the gold shares in 1997 and early 1998... ie- not quite time yet but nearing the bottom