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

To: VLAD who wrote (38051)	2/23/1999 4:21:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Just WHO do you think needs/wants FLC's assets? They'll be lucky to get .10 on the dollar in a bankruptcy liquidation. Take a guess how much of that the shareholders would get. FLC is only money in the bank if they can continue to service their debt load, which is in question if low oil prices continue. Ken

To: VLAD who wrote (38051)	2/23/1999 5:21:00 PM
From: William L. Oppenheim	Read Replies (1) \| Respond to of 95453

Replacing what. Oil is so plentiful that this AM in the DC area gas was going, according to the guy on the radio, for as little as 75 cents/gal. The lower the price, the more that low cost producers must pump to keep up their cash flow or face recessions and uprisings. More cheap oil. This spiral could go on for a long time. That is why the Arab countries are inviting the majors back in--to produce more. Not less. In the long term we are all dead. It could be a long wait.