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Gold/Mining/Energy : FLC Falcon Drilling -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (30)	2/26/1998 4:12:00 PM
From: Gregg	Respond to of 461

Earnings are due out any day ! I heard the numbers will be very good. I see price targets of $50 on this stock from some of the major firms with " Buy " ratings on the company. Good Luck Everyone. P.S. I also heard on TV today that Grey Wolf: GW , might be bought out ? Said the industry is going to consolidate and GW is a prime target. A.G Edwards has a price target of around $12 for GW. Here is the latest Company Report on Grey Wolf: Business Summary: Grey Wolf, Inc. is engaged in onshore contract drilling and well workover services to firms in the oil and gas industry. For the 9 months ended 9/97, total revenues increased from $61.3M to $139.8M. Net income applicable to Common totalled $5.8M vs. a loss of $559K. Revenues reflect a higher number of rigs owned and available for service due to the acquisitions, and higher average revenue per day. Earnings also reflect the absence of non-recurring charges.