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

To: SliderOnTheBlack who wrote (58595)	1/18/2000 9:46:00 AM
From: SargeK	Read Replies (4) \| Respond to of 95453

Yahoo FGH Message Board NOT leaderless Slider: "O/T --- Where's Waldo (SargeK) ? Someone please give him a call and make sure he's not "fallen & can't get up " (VBG). Being the military man he is; I can't believe he desserted his troops over on the Yahoo FGH board in the heat of battle - they're fragging each other left & right and are leaderless... I guess some people just can't take the heat " Message 12586666 Several credible posters on the Yahoo board are sticking with FGH "through, thick and thin" to quote a former FGH diehard who posts here. Here are comments from a couple of them: Briggs 2: "Did any shipyard ever loose an arbitration? . . . NOT !!! If the client doesn't pay, do you get all his money and the complete rig all for your own to sell it to another client? . . . YES !!! Is the shipyard business picking up drastically? . . . Yes !!! Is FGH going to be the biggest player? . . . Yes!!! All you longs keep the faith, the shipyards shall rise again.? messages.yahoo.com Responding to this message from stockfilter: Stockfilter: "Some fact-based opinions: 1) FGH has underperformed since May 1999. But in context, many others in the equipment sector -- try GIFI or VRC -- have also been slammed. 2) A useful site to review improving offshore stats: offshore-data.com 3) If FGH earns $0.50 per in '00 -- as projected by Merrill Lynch -- than they currently trade at a forward P/E of 10. Keep in mind, this is at the bottom of a cycle. 4) If you believe that prospects for deepwater rig builders improve near the end of a cycle, then look at the drillers. About a year ago, R&B Falcon traded for $5, issued $1 billion in debt and $300 million in stock. Now they trade for $14. That should help you with where we are at in the cycle. 5) Look at the earnings growth history for FGH under the leadership of J.L. Holloway. With the exception of Q3 and Q4 1999, it's stellar. 6) Lehman Bros. study: 320 Exploration and Production companies will increase spending by 10%+ in '00. 7) Saudis have pre-announced their inclination to keep production at the current OPEC-mandated levels; indicating that nothing will change in March. Do you believe that oil will stay in the low to mid-twenties? I do. 8) If oil holds in the mid-twenties, watch for increased rig utilization and a doubling of current day rates...creating heightened demand for the products of FGH. 9) If you are spooked by the possible downgrade by Moody's or the arbitration with Ocean Rig, then don't bother. 10) See you at $20." messages.yahoo.com COMMENT: Absent SargeK and SargeK posts on which to focus their disruptive, harassing, misleading, misinformative and personally vendictive remarks; the BOILER ROOM cretins orchestrated by Slider and Associates under numerous aliases are finding fewer messages reduce NOISE level where REAL information can be derived; both bullish and bearish. I may post an occasional message here and elsewhere regarding FGH; but, they will be reserved for NEW Company related information and/or my analysis and interpretation of same. SargeK Note: In response to the "Mouths" unfounded allegation, YES, I can take the HEAT. I still have my FGH shares and WILL make money regardless of whatever level it may reach over the short term.