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

To: drsvelte who wrote (37340)	2/11/1999 1:49:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

drsvelte, You forgot to date your Daine paragraph. That downgrade is 10 days old. I believe they also downgraded a few others that day. What help are these analysts when they downgrade near the bottom?

To: drsvelte who wrote (37340)	2/11/1999 1:57:00 PM
From: VLAD	Respond to of 95453

drsvelte, The part that makes me laugh in that DRW paragraph is where they give their crystal ball estimates all the way out to the year 2000 and then their reason is "due to current market conditions". I believe it is irresponsible for an analyst to even attempt to make estimates 2 years out in a market as dynamic as oil. They really have no business even trying to make a FY1999 estimate since a lot can change in 3 to 6 months.

To: drsvelte who wrote (37340)	2/11/1999 2:39:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

drsvelt, I stand corrected. Daine down graded from strong buy to buy on February 2. According to your post they must have down graded again from buy to neutral. I have no respect for these bastards who down grade when a company stock is already trading well into a 52 week low. I believe FLC has an excellent long term business model. FLC was a $34.00+ stock last May and we traded today at 6 1/8 which is 82% off its 52 week high. Is this company going Chapter 11? Am I missing something here? I was under the impression that the stock was doing poorly with the sector because of low oil prices but this is starting to get ridiculous to say the least. Any danger of a take over if FLC's stock price continues to linger at these sub $7.00 prices???