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

To: jim_p who wrote (67460)	6/1/2000 2:50:00 PM
From: Big Dog	Respond to of 95453

Two good things happening for FGH. I suspect they might get some of the work from DO to upgrade the 2nd Gen DO semis. Seems that DO is going to be doing these upgrades. Makes sense. Cheaper than building new rigs. Also, the tanker business is doing so good these days that the eastern yards are quickly filling up capacity. That means they won't be as eager to build new rigs should some folks want to build a few. This will ease pricing pressure which is where FGH has a hard time competing. A birdy tells me there may be two semi orders coming down the pike. Don't know if FGH will get them, but orders placed will boost FGH prospects and market perception. big