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

To: BigBull who wrote (65528)	5/1/2000 8:27:00 AM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Dain Rauscher on FLC: FLC: DELAYS IN BRAZIL WILL IMPACT QUARTER AND YEAR We lowering our estimates for the first quarter to ($0.22) from ($0.14) and dropping the second-quarter estimate slightly to ($0.16) from ($0.12). Deepwater rigs that were scheduled to begin operations in Brazil in the first quarter are being delayed for a number of reasons, having a negative impact on the numbers for the first half of the year. We are still optimistic about the second half of the year and 2001. The debt level provides for a debt-to-capital ratio of slightly more than 70%, and while the company has signficant operating leverage and cash flow generation, we want to wait and see some of these new deepwater rigs begin operating well before we make any categorical decisions about the stock. Further, we believe the company will issue equity this year at some point to pay down debt, especially the PIKs (payment in kind) before the first quarter of next year. We would use any filing as a potential buying opportunity, believing the company will wait until operations are humming before making that move. Stock Opinion R&B Falcon continues to have one of the highest debt levels in the industry, at approximately 71% debt-to-book capital. This significantly reduces its flexibility to take advantage of the potential consolidation activities projected to take place within the industry. Therefore, we continue to rate FLC Neutral due to the company's highly leveraged balance sheet in the current, difficult operating market.

To: BigBull who wrote (65528)	5/1/2000 8:37:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

To: BigBull who wrote (65528)	5/1/2000 2:48:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

More on the gasoline story: cbs.marketwatch.com

To: BigBull who wrote (65528)	5/1/2000 10:09:00 PM
From: hdrjr	Read Replies (1) \| Respond to of 95453

Big Bullish One, PnF does not indicate time frames as I understand it. The potential move to 136 comes from a basing period from 106ish to 112. The last such basing period that resembles this one was from 80 to 94, the resultant breakout from the triple top predicted a 122 top, we hit 120. I am an absolute novice at PnF, but it is one of many TA's I consider. Since it does not take into consideration time it is not that useful for very short term traders. At this point in time I am no longer a short term trader therefore I have and still am establishing an extended time frame portfolio. For that PnF is somewhat beneficial. Thanks for all the great posts and good luck, hdr