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

To: ItsAllCyclical who wrote (72602)	9/7/2000 5:12:04 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

A $15 price target may explain the volume in FGH lately... netcognizance.com FGH Buy, $15 Target, ’00 EPS estimate of ($0.71) and ’01 estimate of $0.35, FGH is negotiating with asset-backed lenders for a new secured debt facility and may also pursue a two-tranche debt deal to eliminate existing credit facilities and provide additional liquidity. FGH remains optimistic about the outlook for repair/retrofit activity for Mobile Offshore Drilling units in the near term. ---------------------- Maybe they were accumulating yesterday before they put out this view. How's Jefferies & Co. track record? Are they respected? Either way FGH has at most one more potentially damaging quarter. At this point in the cycle I think investors will "forgive" any past bad news and instead focus on the future. This cycle appears that it'll be longer than most as oil looks to stay above $20 far longer than originally suspected. You can bet that once the drillers get flush with cash they'll add to capacity. Quite simply the longer the cycle the better for FGH. You can say that with every OSX stock, but it's especially important with FGH. This stock has so much negativity. Just one decent contract announement would send it to 8-9 in a matter of days imho.