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

To: diana g who wrote (33)	2/27/1998 8:37:00 AM
From: Lee Fredrickson	Read Replies (1) \| Respond to of 461

All: Boy!, am I glad I checked in this AM. A report I got a little of on 'Strictly...', which came originally from Petrodata,* strongly inferred capital expenditure cuts from producers if low crude prices continued. Combined with FLC rumors, gave me the wiggles yesterday. You've allayed my nervousness a bit with the above posts. GW to $12? My heart would soar like a beagle! FLC's my 'anchor' hold in the oil services, and bad news about it gives me pause. Feel good about it LT, but they're now the owners of R&B's dry hole troubles of last year, so I imagine that they could take some earnings flak from that... Apologies for fairly pointless ramble of a post... Lee *Oops! Wasn't 'Strictly...', was from Reuters and can't link it. Has probably been posted there by now however... OT-"Linda Sluter" Oh that voice, that accent!... Sorry, ladies.

To: diana g who wrote (33)	2/27/1998 9:58:00 AM
From: mph	Respond to of 461

Thanks for the new site info. Golly, now I'm disappointed that my e-mail was ineffectual, so much so that I never received a response at all! (gg) mph

To: diana g who wrote (33)	2/27/1998 12:16:00 PM
From: diana g	Read Replies (2) \| Respond to of 461

Re: My Very Humble Opinion I sure don't claim to any expertise in the stock market or oil, but I'm going to say what I think anyway in the hope of inspiring those who know better to correct me (and maybe save me some money--I'd appreciate it! <G>) I think FLC is being sold off more than its peers due to uncertainty about the upcoming earnings report. FLC+RB's combination, RB's dry wells, the report's non-definite date....all make the near term cloudy, and WS Hates that. Re: Rumors that FLC will miss numbers---I think such rumors must be ignored. Even in my very limited experience I have seen these many times, and I will guess why: If a stock's price lowers and a stockholder calls his broker (who is clueless) and asks "what's with XYZ?", What will the broker say? "Gee, I dunno why it's down." Or will he try to seem in touch with the 'inside whispers' and say "There are rumors that XYZ will miss their numbers"? And of course this will spread like Wildfire. Maybe the report will be bad, but I think the uncertainty is sufficient to account for the downward divergence from the group we've had in the last 7 days. Added to the over-supply of oil that is depressing the sector, I think we may be looking Opportunity in the face here soon, one way or another. My basis in FLC is ~$29. If OPEC and other news is bad through the first part of next week, and the price goes much below $26, I will consider buying more, depending on how things look at the time. If the price holds up, I will await the report. A less than glowing report may provide an even better buying opportunity. Please, someone who knows more about these things, STOP ME BEFORE I BUY AGAIN!!! best regards, diana