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

To: mph who wrote (41110)	3/29/1999 12:56:00 AM
From: VLAD	Respond to of 95453

mph, Just some food for thought: FLC moved from 8 1/4 on October 8th to 16 1/2 on November 9th. Since that time the outlook for oil is much better. Also, back then we all knew that FLC was going to need additional financing to finish its 9 deep water projects and we had uncertainty as to how they would manage the financing. Now here we are almost 5 months later with higher oil prices than back on November 9th and the removal of the uncertainty as to how FLC would get the money to finish the projects(the fear of stock dilution is gone). FLC ran from 8 1/4 to 16 1/2 in a month on no "good news". Now we have "good" news so we can hit the 16's sooner than you think.

To: mph who wrote (41110)	3/29/1999 6:13:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 95453

Morning mph,no idea what price oil would have to go to for FLC to reach the nov. high(16.5), but sure seems like the ducks are lining up to form a row<g>.Oil is cranking this morning, FLC has the financing in place to tide them over for a while,and one would think with all the consolidation (BP-Amoco and Richfield? in the patch, the outlook should be positive.Heck,the oil companies have got to be making big profits presently,let's hope Mike's "laddering" theory(which I agree with) leaves FLC as the next rung to be stepped on..;^)DD [not to mention the new builds/re-builds coming on line W/contracts in place) PS: I like this company so much,I have sent my Mom on a mission to bring back an R&B Falcon hat<vbg> from Houston. They've been traveling in a Winnebago for the winter through the gulf area..Any ideas to help her complete her mission would be greatly appreciated...(my suggestion, as a last resort,was head into a bar and kick some ass and take some hats<lol>)