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

To: gpphantom who wrote (54773)	11/15/1999 4:10:00 PM
From: Braddock Bull	Respond to of 95453

FLC Kicking some serious butt today. It looks like the bird is going to hold the big gains here at the close. It's amazing what a little Mavis and some deep water sentiment change will do. I wish I had the nimble touch to trade the volatility of the patch, but I'm really more of a buy 'em and hold 'em kinda guy. I won't even think of selling a share of Falcon sub $20. I've waited a year and I'll wait another year if necessary. These NG E&Ps are just defying any vestige of common sense I have left... RRC especially. Who is selling RRC here? Is it tax related? What other reason would anybody possibly have to sell low like this? BB

To: gpphantom who wrote (54773)	11/15/1999 7:46:00 PM
From: GlobalMarine	Respond to of 95453

Wait 'til those 109 million shares hit the stock price. From The Street article: <<<Upon completion of the merger, Schlumberger shareholders will be issued 109 million new Transocean shares, a volume sure to pressure the price. Schlumberger shares have been pressured lately as well, as some of its largest shareholders, including Fidelity and Capital Research, sold into second-quarter market strength. Some investors may wait for the deal to close -- and for the shares to possibly fall below 25 -- before they buy, says Kreps at Frost Securities. >>> As far as a safe drilling stock goes, nothing beats DO with its enormous cash and cash equivalents. While RIG also has a low debt-equity ratio, most of the equity is in the form of drilling rigs, whereas DO has a huge hunk of equity in cool hard cash.