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

To: Aggie who wrote (63907)	4/5/2000 6:11:00 PM
From: Frank	Read Replies (3) \| Respond to of 95453

Can anyone comment on CRK-I can't find any major negatives and and only see more and more drilling success. Yet CRK price is sliding down the hill. I know about the debt. Are the hedges poor? Comments welcome. This stock is selling at less than 2 times estimated cash flow per share for both 2000 and 2001. Does anyone else see $12-14 potential from the current $4.67?-- Frank

To: Aggie who wrote (63907)	4/5/2000 6:17:00 PM
From: Frank	Read Replies (2) \| Respond to of 95453

Aggie--great article--would you please post the magazine or paper where you found it? thank you- Frank

To: Aggie who wrote (63907)	4/5/2000 6:19:00 PM
From: Winkman777	Read Replies (2) \| Respond to of 95453

<<FLC - It would cost $43 per share to replace the equipment that it owns. It is trading at $20, which represents a great buy.>> Opinion on CNNfn: netcognizance.com My opinion: One of the most leveraged and secure places to invest in the present situation. Terrific cash flow when all their rigs go to work at late '97 type dayrates. And I agree with those who expect this recovery to probably last at least a few years. I am prejudiced, since after picking up more at 18.375 today FLC now makes up 43% of my accounts. Average cost 16+. Diversification, what's that? (sng) = (slightly nervous grin) Seriously, I like the "bird" better than other drillers like RIG, NBR, and NE. OPEC will hold crude in $25 neighborhood, and NG demand will continue to be strong. All JMHO. Good luck to all. Winkman