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To: Linkdog who wrote (42050)4/11/1999 8:47:00 PM
From: Big Dog  Respond to of 95453
 
There is still substantial construction risk and contract risk associated with FLC. Otherwise I agree with your thought -- and it may just happen.

big
loosbrock.com



To: Linkdog who wrote (42050)4/11/1999 9:08:00 PM
From: Aggie  Read Replies (1) | Respond to of 95453
 
Linkdog, hello,

Just curious - and to all you 'posters out there:

Whom do you see as being capable - i.e. having the money - to take over Falcon?

I don't see anybody - the only possible (read obvious) contenders to me would be RIG or DO; RIG doesn't have the cash, and DO, while they have some cash, do not have enough - and I don't believe they have the stomach to take over the payments on the kind of debt castle FLC has constructed around themselves.

Any comments? My own is that FLC is not an attractive takeover target, but that DO is.

Regards to all from V-10 gas guzzlin' heaven.

Aggie



To: Linkdog who wrote (42050)4/11/1999 9:33:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Linkdog: Has this thread gone to the Dogs or what? <vvvvvbg>

If there is a buyout in FLCs future, I suspect it would be further out in the cycle. Like when the buyer could get much better prices for an asset selloff/debt reduction program. Perhaps selling off all the shallow water stuff. But as always I will defer to the RigDogs (tryin to keep my dogs straight) professional expertise in this regard.