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

To: Captain James T. Kirk who wrote (57268)	12/22/1999 2:43:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Some body beep me when this board brightens up a bit. Whew! Even the bulls are bears. I'll see you folks some time in January. Time to exit the mausoleum. I think I'll go listen to Mozarts Reqiuem Mass, oughta' brighten my day. <g>

To: Captain James T. Kirk who wrote (57268)	12/23/1999 8:54:00 AM
From: SargeK	Read Replies (3) \| Respond to of 95453

Tax selling has created HUGE BARGAINS in quality companies for Value Investors Friede Goldman Halter, Inc. FGH is just one of many. A brief summary of comments & factors regarding FGH future prospects: Holloway: ``Over the longer term, we anticipate achieving significant savings through the implementation of a company-wide strategic sourcing program for the purchase of parts and materials, as well as through the successful integration of our complementary offshore and engineered products businesses,' Holloway said. ``With market conditions in the important offshore energy business steadily improving, we intend to provide greater value than ever before to our customers and maintain and build market share.' LONDON, Nov 16 (Reuters) - U.S oil services giant Halliburton expects to enjoy improved fortunes as the oil prices surge revives business, Chief Executive Dick Cheney said on Tuesday. ``We're seeing a definite pick-up in activity and are able to book projects through to the back end of 2000 and 2001,' Cheney told a London conference. ////Oil prices have now recovered to near three-year highs and companies are showing signs of loosening their belts, he added. ``Most companies are just starting to sit down and make a rather robust assessment on how much money to spend. I'm reasonably optimistic but we'll know a lot more in two or three months when companies have set their spending plans,' Cheney said. Dec 20, Hasting FGH/IR: The level of inquiries we are experiencing now both on the off-shore energy side as well as commercial maritime is as high as it has been in years. Stockfilter (Yahoo Poster): Double Hull legislation is (already) in effect. It's only a matter of time now that oil tankers convert to the double hulls//////? Ocean Rig Dispute, FGH: "Based on settlement negotiations that have occurred subsequent to the initiation of arbitration proceedings, the Company believes that it is likely that a settlement will be reached that provides recovery to Friede Goldman of a significant amount of its total additional costs, including direct contract- related costs and a portion of its fixed costs and corporate overhead incurred on these contracts." Note: Fast track arbitration was initiated by Ocean Rig in London on Sept 3, 1999 following an inability of the parties to reach a compromise in August. When fast track was initiated it was widely anticipated that a resolution might occur in 4Q/99. Much later, it was learned that arbitration would not likely reach a conclusion until the first half of 1Q/00. This delay generated significant weakness in the stock just at the wrong time (tax selling). The merger Holloway (again): ``Creating shareholder value is the foremost job for management, and we are gratified to have the endorsement of our shareholders for our strategic plans for the combined company. We believe that the timing of the merger could not have been better and that the company is in a strategic position to take full advantage of the improved market conditions we anticipate. This merger positions us as the global pacesetter in this industry for providing total integrated services.' The millennium Semi (10-Q 3Q/99): The backlog amount includes a $143.5 million contract for the new construction of a Friede & Goldman, Ltd. designed Millennium S.A., semisubmersible offshore drilling rig that is subject to the owner's securing rig financing. Such financing is expected to be secured in the fourth quarter of 1999. This hasn't happened, yet; generating additional weakness in FGH stock. Friede Goldman Halter, Inc. is uniquely positioned to offer quality services to Deep Water exploration and development over the next decade. BOTTOM LINE: All the above factors have contributed to a "SPECIAL SITUATION" BUYING OPPORTUNITY for Value Investors to acquire a potential GROWTH company at huge discounts to its present intrinsic worth and future value. Merry Christmas and Happy New Year SargeK