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

To: Think4Yourself who wrote (40082)	3/16/1999 10:34:00 AM
From: dfloydr	Read Replies (2) \| Respond to of 95453

So far I have found nothing to confirm the rumored FLC junk bond deal. Looking like smoke.

To: Think4Yourself who wrote (40082)	3/16/1999 5:48:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 95453

From the posters that are more gifted in accounting, it would be interesting to hear opinions on what effect the $800,000,000 debt offering has on FLC's financial situation. Of course, any opinion involves assumptions about future crude prices and capital spending, incorporates the future contracts, with the weighted probability that one or two more could get cancelled. Assuming that this is FLC's last debt or equity placement for several years, how long can the company stay solvent in the current environment? How long can the company stay solvent in an environment of $16 crude etc. Some FLC employees assert that concern about bankruptcy is ludicrous. They feel increasingly pissed off at Yahoo posters who spread what they consider to be false rumors/possibilities. Some are even scrounging up a few extra bucks to buy more shares. I think it would be interesting to hear about what an "unemotional" accountant would say the facts are, because it may better enable us to make an intelligent investment decision.