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


To: shust who wrote (37390)2/11/1999 7:45:00 PM
From: VLAD  Respond to of 95453
 
shust,

At what price do you believe crude oil will have to stabilize at (monthly average) to see some of our favorite beat to shit drilling stocks show some "significant" appreciation? I'm starting to believe that the market doesn't care about value anymore and that momentum is everything.

Think about this....at todays valuation you can buy over 31 FLCs for 1 Yahoo. This is pretty scary stuff if you ask me.

VLAD

PS If FLC didn't take on the debt they did then I don't think this would be considered one of the most promising drillers looking out 2 years from now. A one year CD at my bank yields 4.5%. What do you think the one year return will be on FLC at current levels?