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

To: SargeK who wrote (58997)	1/24/2000 12:07:00 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

SargeK, all, Any views on TMAR? High volume today and little price movement. It has a nice looking chart. Roebear

To: SargeK who wrote (58997)	1/24/2000 12:46:00 PM
From: ca	Respond to of 95453

Sarge That's ok I have a bunch of FGH as well mike

To: SargeK who wrote (58997)	1/24/2000 12:48:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

UFAB - "rumor mongering" ? - not hardly... I clearly think that I labeled this as a "rumor" - and put it in proper context with the CNBC commentary this am; from an analyst talking about this being a prime time for mergers - as shareprices are severely lagging commodities here. Sarge, this entire subsector niche of offshore construction & fab is ripe with current consolidation - merger & buyouts. What did FGI & HLX just do ? MDR bought out JR McDermott earlier, GLBL tried to buy ETPM. UFAB is not a great trading stock - because of often wide spreads, low volume, small avg size trades etc. I never said daytrade this. UFAB is a tremendous value and should be a "must own/core holding" in a "BASKET" of small cap Oilpatch stocks that are on the cusp of breaking out here imho. I hold UFAB along with IIR WG and a few other small service stocks. I think holding "baskets" of small caps, whether in service, or E&P's is the smart way to play these stocks. UFAB has a better balance sheet, less technical downside and has more safety than most small caps. It is a tremendous value here and it is entering it's historic stage of the oilpatch recovery cycle to where it will move imho. Buyout, or not; UFAB has tremendous upside. If UFAB took a stock deal today at less than $12 - that would be bad news imho. This will see $12 by summer imho and maybe $15 by year end. Stephens has a $24 price target on UFAB and has it as its highest appreciation upside target in the entire Oilpatch sector ! UFAB's CEO comments earlier about them potentially being at full capacity very quickly is merely a harbringer of things to come. UFAB via just a few orders can quickly ramp up to full production/earnings capacity. They did in the prior cycle - UFAB was a $40 stock just like FGH ! But, right here, right now - UFAB has all of the upside potential of FGH & needs much, much smaller and shorter term cap ex commitments for more "nuts & bolts" type of fab projects & const; where as FGH needs huge Cap Ex commitments on major projects. UFAB has all of the upside, all of the potential; with none of the risk - none of the baggage and has a much better balance sheet. Surely; it is "possible" that FGH "could" outperform UFAB - but, that is not the point. On a "risk vs. reward" basis; choosing the "UFAB's" of the sector's over the risky, baggage laden companies like the "FGH's" of the 'patch will surely make one much more money over time - without the risk. In this environment, with so much fundamental upside - WHY ?!?!?! would anyone take on this risk ? If there was ever a time not to mess around with "problem companies" - this is it ! Sarge; your compulsive & obsessive singular focus on FGH has made you literally a "KOOK" of late... Of course, those of us who have followed your "obsessive/compulsive" plays since Cityscape know that this is what makes "you - you" ! If I had one point to make on UFAB; it would be buy it "AND" a basket of small cap Oilpatch plays right now... a "Basket" being the key concept here... hell, throw some FGH in it if you like ! Since it didn't pop 10% on Friday like Sarge said it would and volume has settled back down, I would feel comfy adding it in small measures to a "Basket" of small caps... maybe enter here - and sit for a re-test of $5, or a move up; depending on what the quarterly holds... one can make some money trading it as well in this "band" of $5-$9 as well.

To: SargeK who wrote (58997)	1/24/2000 1:10:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Sargek - FGH questions: Here is your chance to put the "spamorama" hat aside and answer some real questions concerning fGH. Here are the top 10 ?'s 1. Will they now show a profit for the qtr, since they settled with Petrodrill and got the extra $ and will not have to take charges, or will they still show a loss for the quarter,if so approx how much of an eps profit, or loss ? 2. Will they stock move up, or down off of the quarterly earnings release and why ? 3. What role does the Petrodrill contract play here ? Is it a must have, gravy ? not an issue ? comments ? 4. Canadaian yard ? What fine will they pay ? Will this be on this qtr ? Will they close it, keep it open, up for sale ? 5. Will ALL the merger charges be in this qtr ? If not, why not - why would they linger on ? 6. IS FGH staying in the shipbuilding buisiness to where they will even be a potential bidder for TDW's contracts for example ? What yards are they closing and what business will they retain, what ones will they be out of ? 7. What is the current qtrly backlog burn rate for FGH and at what point do they reach "zero" without any new orders ? 8. How much of the Petrodrill project have they allready been paid on, or booked as a receiveable ? 9. Why did Dane leave ? 10. give us your 3, 6, 12 mo price target for FGH and perhaps eps estimates for 2000. Simple enough ? - merely the most simple, basic fundamental questions that ANYONE must have the answers too imho; to make even an informed "gamble" on FGH...