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To: Larry S. who wrote (22563)3/18/2000 1:47:00 PM
From: Harold S.  Respond to of 53068
 
I don't post here much, but I do monitor you all a lot. I must speek up and say that I have loaded the boat on two oil service stocks...FLC and MDR. FLC has a lot of debt but they have the largest offshore drilling fleet in the world. A major brokerage house has put an initial target of 50 on them and at 17 I believe they are 40 points off their high in the enxt two years. MDR had a division go Chapter 11 to protect against huge asbestos losses. The marine division alone is worth the current 9 dollar price. Take a look at these two.



To: Larry S. who wrote (22563)3/21/2000 12:23:00 AM
From: pz  Read Replies (1) | Respond to of 53068
 
Larry,

I'm not ignoring you question, but had massive computer problems today.

Just a quick list....I'm watching the drillers among others in the sector.

Drillers: PKD, KEG, NE, RIG, GLM, FLC, GW, PDE, etc.

Service Co's: HAL, SLB, SESI, etc....


I bought a little RRC the other day....it was on the verge of bankruptcy, but the chart was so compelling I had to buy some to hold for a while. They produce mostly gas, so they won't be as affected by the volatile price of oil.

Paul