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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 (32413)	12/3/1998 8:20:00 PM
From: Harold S.	Read Replies (1) \| Respond to of 95453

What do you or anyone else think about HLX at this point in the low 6's??

To: John Carpenter who wrote (32413)	12/4/1998 12:22:00 AM
From: Braddock Bull	Respond to of 95453

Falcon's New Balance Sheet It's true, they have a higher debt load, but I was under the impression that the CDG merger helped the balance sheet to some degree. For one thing, I believe they increased their cash position by close to $40 million (60%). <<I responded that I thought that this shallow water acquisition would lower the PE multiple afforded the merged company>> What did they say to that? Earnings estimates shmestimates... at this point I don't think anybody has a real clue, other than to say they'll be lower. Take a stock like FLC especially, with a bit more debt, and shallow water exposure, and bingo, you're trading today with single digit oil and negative earnings (or in some cases even bankruptcy) virtually priced-in. Take away any of that fear, whether it be through a change in "herd" sentiment, spin, or actual fundamentals, and this this sector will turn the corner. When that day will come, I have absolutely no idea. In the mean time, I'll try not to look at the ticker, live with my mistaken entry point, and plan on not using my investment real soon. Best of luck to all... Brad