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

To: A. Geiche who wrote (37424)	2/12/1999 1:06:00 AM
From: Dwight E. Karlsen	Respond to of 95453

Don't get me wrong. Thinking about picking up FLC here for a "buy-and-forget-about-it" investment. With their fleet of rigs, they will be well positioned to pick up work when things turn up. And eventually, the supply/demand balance will turn. Oil is still the engine of the modern economy. Sure FlC could go to $5. But that's not alot of downside risk. I wouldn't mind picking up a real value play in such an important sector of the economy. I'd rather stick a few thou in FLC here at $6 than AMZN at $109.