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

To: stan s. who wrote (42892)	4/21/1999 3:43:00 PM
From: Linkdog	Read Replies (1) \| Respond to of 95453

At this point, I don't think earnings matter a lick for FLC. I look for the stock to trend up even if slightly negative earnings are reported. Anything on the + side of zero I believe would be viewed as a very good sign by the market -- anything between 0 and -$0.10 would be a non-event and anything more than $-0.10 would be slightly negative (short-term only). In short, I don't think bad earnings will hurt you very much here. I believe there is more risk from this stock running away from you as if it breaks soilidly into double digits pre-earnings. In short, I think this is a leveraged asset play and not an earnings play for the next few quarters. Bottom line is FLC has more assets than any other driller around and as oil prices stabilize, drilling activity increases and more holes are put in the ground FLC these assets will become much more valuable.