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

To: Linkdog who wrote (43756)	5/3/1999 10:15:00 AM
From: Linkdog	Read Replies (1) \| Respond to of 95453

Bigbull, I do like this quote from FLCs chairman in trhe earnings press release. Paul B. Loyd, Jr., the Company's Chairman, said, ''Industry conditions, particularly in the shallow water and marine segments remained depressed in the first quarter. We believe that increased oil and natural gas prices should drive improvements in these segments later in the year. With the largest jackup and inland water fleets in the industry, the Company is well positioned to take advantage of these expected improvements in drilling activity; alternatively, with the dramatically improved liquidity resulting from our recent capital transactions, we are also well prepared to weather a more extended downturn. Either way, we believe patient shareholders will be amply rewarded when industry conditions normalize.''

To: Linkdog who wrote (43756)	5/3/1999 10:37:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

<<What happened? - after opening weaker the OSX is moving up >> ...Shorts leaned heavy into the open - got their ounce of flesh; but no pounds today. When SLB reversed from a 10:1 ask/bid imbalance = cover time. A $1 nic' - but not a bleeder day.... it will come. The short move is only playable on a momenteum basis - it is suicidal to institute a cold position; but SLB HAL SII CAM will be downside mo-mo chip shots soon enough...$2-3 rides as easy as pie... Lets see if OSX 78 continues to be a ceiling here... Anyone else selling OMNI today (VBG) ? emerged from it's sub $3 5/8ths coma - gone..... on a low volume ''pop'' - sold. Can re-buy cheaper again.... CRK offering a re-entry; RRC too s t r o n g ... go gas !