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

To: BigBull who wrote (41981)	4/9/1999 4:02:00 PM
From: Linkdog	Read Replies (2) \| Respond to of 95453

Slide, Bigdog, BigBull and others, Have been lurking for > 1 year. Finally ponied up the $$ for a membership (you guys are just too entertaining and informed on to be able to "talk to". I have been and continue to use my risk capital in this sector. I believe that this sector offers the opportunity for the studied individiual investor to make large concentrated bets with good risk/reward charaterisitics. I usually only play 1 or 2 stocks. Right now, I believe the best risk/reward play amongst the drillers is clearly FLC. Yes, high debt, but also high leverage. My take is - take a look at replacement value of the assets apply a discount factor for "unplanned/distressed" sales, subtract out the debt and look at this "adjusted enterprise value. Without even factoring in potential earnings, this stock looks way undervalued. Of course all this analysis is dependent on the discount value used on the assets. Also like GIFI but haven't plunked any $$ down yet. Prefer to be 100% in FLC with the risk money for now. Any thoughts on this methodology. Linkdog