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

To: VLAD who wrote (37389)2/11/1999 7:31:00 PM
From: shust  Read Replies (1) | Respond to of 95453
 
FLC is very attractive at these levels. This company is going to be around for awhile. They just have more debt than others with aquisitions etc. The street doesn't want this risk at this time. When things turnaround this stock will be one of the big winners. When the turnaround happens is anyones guess.

shust



To: VLAD who wrote (37389)2/11/1999 8:50:00 PM
From: miklosh  Respond to of 95453
 
Hi Vlad,

thanks for a reassuring post. I bought flc last week at 6 7/8 and am considering averaging in again below 6. I chose flc in particular because they are very leveraged, and their stock price is the most volatile of its peers of similar mkt cap, thus imho flc has huge upside potential when oil prices turn. My question and concern is, just how much longer can flc survive carrying their debt load, while waiting for oil prices to increase?

regards
Miklosh


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