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To: BigBull who wrote (42089)	4/12/1999 10:57:00 AM
From: BigBull	Respond to of 95453

Anybody got any opinions on the SFR/SNY merger? eom

To: BigBull who wrote (42089)	4/12/1999 11:13:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

linkdog;bull - FLC I'm sitting on a limit order today @ $7 3/4's fwiw. With the news on FLC today - I'd try to catch it on a retracement either intra-day, or tomorrow...but, having a position in this one is becoming very important - ''all'' of the between the lines signals are putting FLC into play - read merger/buyout ...imho. - Recently FLC was what ? - $15 on the bounce last Sept-Oct.... buyout rumors $14-18ish right here in a stock deal - FLC gets to ride an acquirers stock up on the Oilpatch recovery....don't see a cash deal - certainly not at $14-18, at that price would have to be a stock deal; giving FLC holders a better appreciating currency with better Street sentiment imho - a win-win scenario. RIG moving nicely, SDC as well - were gifts last week; PGO remains the best risk/reward play - on a level all by itself imho - the best buy - bar none. Love OEI here & XTO $7ish - doubles+ by summer with reasonable OPEC compliance and less risk than the driller-service stocks imho.

To: BigBull who wrote (42089)	4/12/1999 11:39:00 AM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

BigBull, The whole Kosovo situation is making me jumpy. With the additional 82 aircraft we sent, and the new British Aircraft carrier we now have a 500-warplane armada blowing Serbia back into the Stone Age. I sold most on my non-energy/ non-OS stocks (kept a couple of small cap value plays in tech/software stocks- already oversold) and have about 90% of my moolah right here in energy and OS stocks. IMO the USA news is painting a "happy face" on events in the Balkans- but we are hanging just barely above a widening war... The Russian aid convoy with food/fuel/medicine that was turned back this morning after waiting two days at the Hungarian Border IMO makes it that more likely that Russia will come to Serbia's aid. Russia just found out the price of letting a former Warsaw Pact member (Hungary) join NATO. Will Russia stand idly by while all of its friends are destroyed by NATO? Understand that Yeltsin's hawkish speech on friday was a very clear sign of a power struggle in the Kremlin between Yeltsin and Seleznov/Ivanov. Who wins that power struggle determines Russia's course of action in the Balkans... BTW Russian "intervention" does not even require Russian /Byelorussian/Ukranian Troops on Serbian soil. All Russia has to do is to mass fighter squadrons along the Moldavan Border. Every time a NATO plane moves into Yugoslavian airspace, fly in and "lock" your radar on them. That radar lock forces the NATO plane to take evasive action. That would significantly disrupt the air campaign.... Yugoslav parliament votes to join Russian-Belarus union April 12, 1999 Web posted at: 8:50 AM EDT (1250 GMT) BELGRADE, Yugoslavia (AP) -- The Yugoslav federal parliament voted Monday to join an alliance with Russia and Belarus, an action aimed at getting military help from Russia and Belarus to stop NATO strikes. Serbian Premier Mirko Marjanovic said after the parliament vote that it was "normal" for Yugoslavia to join the union with its historic Christian Orthodox allies. "It is yet another way to resist the NATO aggression," Marjanovic said. NATO's airstrikes, which started March 24, severely crippled Yugoslavia's industrial infrastructure and destroyed numerous military targets. The Russia-Belarus union remains largely an agreement on paper only; it has not produced any visible benefits to either nation. Throughout its troubled history, Yugoslavia always has been against any domination from either the West or the East and has jealously defended its sovereignty. This is the first time since it was founded in 1918 that it is trying to join an alliance with foreign nations. Acting on an initiative originating from the Serbian ultranationalist Radical Party, the chairmen of both chambers of the Yugoslav assembly called the session following a visit here last week by Russian state Duma chairman Gennady Seleznov. At the lower house, out of 115 deputies present, 110 supported the motion, while five abstained. At the upper house, of the 27 delegates present, 26 where in favor and one abstained. The idea of a union between Russia, Belarus and Yugoslavia is particularly popular among Russian and Yugoslav communists who regret the breakup of the Soviet Union. Russian Foreign Minister Igor Ivanov said Monday that Moscow "positively regards the idea of Yugoslavia's membership" in the union. It was not yet clear what formal steps need to be taken for Yugoslavia to become a full-fledged member. It took months of wrangling before Russia and Belarus were able to work out all the details of their union treaty. In a statement, the Yugoslav parliament called the proposal "a historic step of great importance to Yugoslavia's people." The session opened with a minute of silence for the victims of "NATO's aggression." Yugoslav Premier Momir Bulatovic later addressed both chambers of the assembly. He proposed that parliament accept the decision to join because it "creates a condition for the peoples of Russia, Belarus and Yugoslavia to join forces and protect their vital state and national interests." Prior to the session, supporters of the Radical Party marched through downtown Belgrade to the federal assembly, waving party flags and cheering in support of the country joining the Russian-Belarus federation.