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


To: John Carpenter who wrote (30301)10/3/1998 10:04:00 PM
From: KM  Read Replies (2) | Respond to of 95453
 
Hi Everyone: Here's a snippet from the Street.com "Summit" (sort of a stock rountable today) Speaker in this piece is Seth Tobias, a hedge fund manager. He was asked for a stock pick. Also favorable mention of FLC.

Summit_Host: Seth Tobias: Halliburton.
Summit_Host: This was one of the great shorts of 1998.
Summit_Host: I think it's one of the great companies.
Summit_Host: We have now had a 60 -70 percent correction in the group.
Summit_Host: They just closed their deal with Dresser.
Summit_Host: Very strong management.
Summit_Host: Former secy of defense Dick Cheney.
Summit_Host: 100,000 worldwide employees.
Summit_Host: It's really more of a macro story.
Summit_Host: We are starting to see some economic activity in Asia.
streethost: a reminder folks
streethost: the summit host is speaking on behalf of the panelists
Summit_Host: Halliburton is now trading at 28 as of yesterday. This stock has stopped going down.
streethost: the host is a typist
Summit_Host: The major oil companies are at 52 week highs.
streethost: we'll be taking your questions as soon as the stock picks are done
streethost: you've got some great questions
Summit_Host: I think we are in for a nasty winter,
Summit_Host: and on top of that if you have any kind of economic growth anywhere in the world
Summit_Host: and Halliburton will be on top of that.
Summit_Host: I should say that I would buy Falcon Drilling down to 1.
streethost: seth tobias is talking about halliburton now
Summit_Host: We think we are getting 100 to 200 percent moves on some of these stocks.