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

To: drsvelte who wrote (37381)	2/11/1999 6:43:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

drsvelte, Looks like about 1/2 million shares traded all at once at about 3:20pm EST: quote.yahoo.com I notice that for the last 4 trading days they just close FLC at an intraday low: quote.yahoo.com I think that if the small mom and pop businesses go out of business it should be good for the larger companies left standing after this situation improves. I believe its called survival of the fittest. FLC has all those long term deep water contracts that IMO seem to be overlooked. The rest of their fleet is just going to have to struggle and compete with everyone else. If the day rates are too low they can just rack em and stack em and let the little guys either go under or get swallowed.

To: drsvelte who wrote (37381)	2/11/1999 6:56:00 PM
From: VLAD	Read Replies (2) \| Respond to of 95453

One other point: I am looking at the 1999 earnings estimates for FLC and I see that there are 16 analysts placing estimates with the lowest being .21 and the highest being 1.30. How does one explain such an insane deviation where one analyst thinks the earnings are going to be over 600% higher than another analyst? I guess that it all boils down to one thing ie that they are not analyzing anything and they are paid only to be guessing the average price of oil in 1999.