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

To: Harold S. who wrote (17382)	3/31/1998 10:38:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

They have been experiencing weakness in their west Texas mkts (primarily oil). They do have exposure to OK and Penn which are gas. Looks fine, but I like UNT better. -Lucretius

To: Harold S. who wrote (17382)	3/31/1998 10:42:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

I hear that Halter is losing their collective ass on many of the projects underway. They have gone in and bid on government jobs that McDermott was losing money on, under bid McDermott and surprise -- they too are losing money. I understand they get all the work by bidding it cheap -- and oops, now can't make any money on it. The ferry work and the SWATH work are both not doing so well it seems. Of course they recently said as much themselves with the latest press release. The TDI-Halter segment seems to be doing ok, but that is a small part of the total. These guys have a couple dozens little construction yards scattered all across hells half acre -- this must be a managment nightmare. How do you find that many local managers who can all do a good job? I don't think you can. For future reference, don't mix Halter with FGII. Not the same animal by a long shot. BTW, FGII has some big projects coming to fruition soon. Look for announcements of some of this shortly. Also, for the poster who said FGII pumps the stock with news...this is dead wrong. I have seen announcements of major impact come out and the stock doesn't budge. FGII is a class act company and I still say JL will make money in ways you haven't even thought of yet.