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To: SliderOnTheBlack who wrote (51275)	9/16/1999 2:24:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

HOFF - buying opp today; someone buy some for Big Bull $8 1/2 - down nearly 10% on low volume; a gift here.

To: SliderOnTheBlack who wrote (51275)	9/16/1999 3:03:00 PM
From: JGreg	Respond to of 95453

IIIFFF, the merger were called off, how much if any do you see HLX retreating? For whatever "institutional pressure" or executive opposition there might be, those persons can just be advised to call WiseDog and he will ease their anxieties.

To: SliderOnTheBlack who wrote (51275)	9/16/1999 3:43:00 PM
From: Big Dog	Read Replies (3) \| Respond to of 95453

Slider, You make some good points, and I don't disagree. And yes, FGI should make me the IR dude. My adopted motto is: Tell it early. Tell it all. Tell it yourself. Don't know if they would live by my rules - but they (and others) should. big atoffshore.com

To: SliderOnTheBlack who wrote (51275)	9/16/1999 4:33:00 PM
From: Andrew Brockway	Respond to of 95453

Slider, Re: FGI Remeber logic class? If A, then B = If not A, then not B. Therefore, if "Boom 2000", then FGI benefits! Of course we know the "Boom" does not guarantee success for all companies. But, you have to picture the environment a year from now. Is FGI likely to be making normal profits during a more stable oil environment? I have to answer, yes. FGI selling at $11.50 does not reflect normal profits. I have to assume that the street is over-reacting to uncertainty (although a shrinking backlog is for certain). Just like when the street allowed me to buy FLC at $5 3/8 or for you to buy MEXP now. I agree there are great opportunities elsewhere, and I'm also playing the likes of RRC, EEX and MEXP - stocks that will run fast just by beating this quarter's estimates. But, I can also see the value in FGI, albeit longer term. Maybe it's not 1997, but I have to believe that the "yard of choice" will warrant a higher multiple during boom 2000. Thinking more longterm on this one, Andrew

To: SliderOnTheBlack who wrote (51275)	9/16/1999 8:00:00 PM
From: upanddown	Respond to of 95453

Anyone want to address that ? - that the street is pricing FGI for $9.98 allready ?!? Actually, Slider, the street is pricing FGI at 11 1/8, the price for many 1000's of shares at the close today. There was always an uncertainty premium built into the first deal, usually around .40 that has now widened to over a buck. The price may indicate a higher level of uncertainty but that should slowly narrow to the previous level. One problem is that there has not been a firm merger date issued. There may also be some lingering market inefficiency. There is certainly a good chance of further decline in FGI but since I am loaded only on HLX and have already captured the premium, I'am comfortable with that. Just like you are very confident that your little E&P's will be fine despite recent weakness, FGI/HLX holders feel that, despite recent weakness, the play will eventually work. Different strokes, different folks. John