Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Czechsinthemail who wrote (71)	4/5/1998 10:16:00 AM
From: diana g	Read Replies (1) \| Respond to of 461

Re: More FLC news Thanks again to Teddy! (That kid is remarkable!) Message 3956992 Baird + Thread, Could something here be the reason for Friday's relatively bad performance by FLC rather than the accident? Baird, Do I remember correctly that a while back you were hoping for news of FLC unloading this segment? Could it be that Mr Market doesn't like the way it's being offered? FLC) is hoping to sell its oil and natural-gas production unit, possibly in two pieces, in exchange for equity stakes in the acquiring companies. ------------------------------------------------------------- Or could it be that the reminder of the "lack of success" is the cause? "The strategy didn't turn out well, and R&B said in March it would divest itself of the unit. The unit's lack of success in the past year made a spinoff or initial public offering unlikely, Webster said, so R&B wants to sell." ---------------------------------------------------------------- Re: The accident. -- I was thinking that FLC could spin this like so: "R+B FALCON PEREGRINE I converted to Semisubmerged Drillship."<G> best regards, diana