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

To: BigBull who wrote (71251)	8/21/2000 8:29:57 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

RE: consolidations KEG is AWFULLY cheap here. They may be next, but who would buy them that could buy them?

To: BigBull who wrote (71251)	8/21/2000 9:03:29 AM
From: SliderOnTheBlack	Read Replies (6) \| Respond to of 95453

The stole the Dirty Bird ~ The stole the dirty bird...damn, I wanted to see if SSB's $70 Price target was hit before this party ended. FLC was a great buy & hold grab on this recent dip sub $20 - to just let it ride out the Boom & see where it stopped... Not much of a premium for FLC - I would have thought it would take at least $30-32 to buy them out here - given the upside expectations. Allthough sometimes executive takeout packages make them huge individual winners - with little premium for the shareholders...sadly. MRL & ATW are two bite sized drillers that stand out as great takeout possibilities here. I would think that DO and/or NE are feeling the heat to grow. GLM has a savy CEO - they could be a buyer, or a seller. DO has significant cash - they need to acquire, or put themselves up for sale - Tisch's are a wildcard - maybe more "sell" oriented than "buy" oriented ownership here ? Maybe GLM & DO witht the Tisch's cashing out ? RDC's Palmer seems to enjoy his independance - they stepped up to the plate with an uncontracted newbuild that turned out to be a great call here - don't see them selling out. ESV is a top tier player - maybe they beat DO to the punch & merge with NE, or snap up MRL ? PDE like FLC has significant debt - maybe a chance to solve it's "end-cycle" risk by merging here ? - has a nice slate of newbuilds, that makes it attractive - great So American exposure etc. Still like ATW & MRL here as the driller plays - potential takeout premiums aside. Unfortunately - RIG/FLC set the premium bar here - so not any homeruns out there, but a 10-15% premium isn't anything to sneeze at either. Bullsky & others; thanks for the constant prompt on the tubulars, never a niche that I really played - I've added NSS & MAVK here - good fundamental value & significant upside here. PS - I'm taking a significant chunk out of my "trading portfolio" and doing my share to keep the economy going... pursuing some outside business interests with it - with what remains; I'm now 70% invested with 40% Oilpatch, 20% Gold Mining, 10% Tech/cable-telecom and 30% cash. I will have to be in a Buy & Hold mode for a while as I will not be following the tape during the day and also I will not be posting much for a few months as I pursue my own personal "Cap Ex" increases in the outside world... It's been a great thread - So Thanks & Good Luck all - and don't forget to "pay yourselves" occassionally - as "June 1998" will arrive once again to the Oilpatch - and when we least expect it... remember cyclicals aren't growth stocks & when they begin to trade as such - take the money & run. Not there yet - but, we will be ...