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

To: Brian P. who wrote (56721)	12/11/1999 8:47:00 AM
From: SargeK	Respond to of 95453

KEG Brian, I haven't researched Key Energy so I am not qualified to answer your question; but, I will comment. Unlike FGH (which is focused on being the supplier of choice in future Deep Water development and production), KEG is focused on domestic land drilling (which has already rebounded). If WTI crude prices remain above $20 as DOE has forecast throughout 2000, then the company should continue to make strides toward profitability. While LTD has been reduced because of the equity issuance, it is still high and interest costs are a heavy burden. I wont get into the Sub/Conv Notes since I don't know enough detail (i.e. conversion price) to ascertain the dilutive impact of possible future conversion. It is obviously worthy of further DD, I just don't have the time to do it right now. Sorry..... SargeK