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

To: paul feldman who wrote (58942)	1/22/2000 9:21:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

PaulF; "go to yard" was NOT my expression - it was Big Dogs; ... and Tammy Wynette "stood by her man" (George Jones) untill she caught him cheating on her for the 3rd time(VBG). There is loyalty - and then there is total stupidity. With stocks; It's all right to love 'em & leave 'em and then even to perhaps just return for an occassional "quickie" - really, it is and the pay is pretty good too ! You don't have to stand by them for life; in sickness and in health etc. If they get sick - dump 'em; hell don't just dump 'em - short 'em ! Your comments epitomize the emotionalism and the once you buy a stock, it's got to be - "untill death do you part" attitude that so many individual investors have. They get caught up in the emotion and never can cut their losses, or step back and rationally see the true picture; or just walk away when reality dictates that is the right thing to do. In stocks; we are supposed to just take the money & run. So save your emotionalism for the Dallas Cowboy's , or the BoSox etc. This is not about rooting for the home team here - bleeding Dodger Blue, or wearing Cheese Wedges on your head in Green Bay Wisc in 12 degree below zero weather. It is not about "liking" Paul - there is NO Longterm Emotional commitment here. These are inanimate paper stock certificates we are trading.... We actually do get paid and rather handsomely, for both loving and hating them... sometimes both within short periods of time. Get emotional about the results, the money, maybe even just the action -but, not your imagined emotional relationship with the companies themselves... Should FGH show us the money; then I would gladly go long again if I see the economics in the Oilpatch reach levels indicative of another offshore construction boom. Also, I can "trade" a stock in a company that I do not particulary respect, or trust the management of. - not that I look for, am comfortable with, or look to make long term investment commitments with these types of companies, or stocks however. The more I've seen Holloway operate; I don't understand the blind loyalty displayed by some here. As an investor; I would never trust FGH any further than I could toss a Bingo Rig... not any more. Get me once, shame on you; get me twice, shame on me... Wonder if Dane has any comments on Holloway ? --------------------------------------------------------- Harold; re: FLC - a price target ? Well, it is the cheapest driller as of today; DO maybe 2nd, GLM 3rd imho. I bought my drillers and posted when I did; RIG at $24, PTEN and FLC. I covered Deep, shallow and land; and all 3 were simultaneously the laggards pricewise to their peers. I like other stocks better here today pricewise, but if I "had" to buy a driller "today" at present prices; it would be FLC, then DO. As far as a target ? Well, let me just say that FLC is the first driller I would buy on any pullback here. It has the most upside to surprise, or to surpass present analyst estimates - as they have the most "stacked" rigs that are not factored into present estimates & targets. I would not think that there truly can be a BOOM 2000 cycle peak into 2001; without $30 FLC again. So for the patient; FLC is a double imho from here... If we see a multi-year expansion cycle; the "new" FLC with acquiring Cliffs drilling & their newbuilds has $72 shareprice ($4 eps x 18 pe multiple) potential at peak cycle with their present potential earnings capacity x merely historic multiples... food for thought. I've never followed Frontier/FTO...

To: paul feldman who wrote (58942)	1/23/2000 11:08:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

O/T Paul, It was SOTB's & Big's "yard of choice" when the stock was in the high teens facing a couple of lean quarters and a lawsuit. With the Ocean Rig settlement $242 million has already been added to backlog (plus possible bonuses). With the likelihood of securing a large chunk of Tidewaters new build program in the VERY near future, the odds on a prosperous future for FGH become even more favorable. Rather than focus on the "settlement", new 'booked' business, and expected new business, the 'MOUTH' chooses to post a verbose recap of unfounded rumors. From the 'goto' yard to the 'nogo' yard while the company is still selling near all time lows is not only expected from the 'MOUTH', I wonder what took him so long. He and his associates are obviously trying to BUY as many shares as possible at the lowest possible price they can achieve before the new orders flow in sending the price into double digits within hours or days of the announcements. Motivation for his posts are so obvious it is almost unbelievable that so many on this message board seem to hang on to his every 'suspect' word; proving once again, weak minds are easily amused and influenced by rumor and disinformation regardless of source credibility (or lack of it). Again, Tidewater must already be negotiating contracts for their program to prepare for deep water services of their own stated goal of taking deliveries, beginning 2 years from now cannot possibly be achieved. Halter has manufactured over half Tidewaters fleet and NO ONE yet has answered the question I posed immediately after the Tidewater announcement. "If NOT FGH, WHO?" The "Jones Act" and the Company's unique capabilities to build the type vessels required by Tidewater provide significant justification for this postulation. I would debate this issue with SOTB or anyone else, if they will remain focused on the issue rather than resort to propaganda based on spurious conjecture and rumor. Arguments which could be made by The Mouth and associates would be a list of competing companies which they feel would be more likely to get this business than FGH. Since no such arguments are being made, I must conclude that 'THEY' are in agreement with me; but, wish to remain silent on this "ONE" issue until they have filled their positions of accumulation. SargeK