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

To: upanddown who wrote (53849)	11/1/1999 11:10:00 PM
From: ItsAllCyclical	Respond to of 95453

John T - When FLC finally does start to move their rigs though they'll get average prices much higher than their peers who sold away a large portion of their rigs early in the cycle... Not saying FLC rig's sitting idle is 100% positive, but there are positive aspects to it. I can't see much of a sell off based on these earnings, but we'll see where the institutional support lies. I don't think it'll get there, but 11 looks like the max down side short term. Personally I don't think it'll break 12.