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

To: articwarrior who wrote (44207)	5/6/1999 5:05:00 PM
From: Think4Yourself	Respond to of 95453

articwarrior, I tend to agree with you when the FLC comparison is made. Although I currently have not researched KEG, I have researched FLC extensively. IMHO FLC will be a friggin' HUGE drilling powerhouse and institution favorite in about 2-3 years. If KEG management is good, if conditions are right, etc, perhaps they could do the same. Note that there are many "if's". I believe FLC satisfies those "if's". KEG may or may not.

To: articwarrior who wrote (44207)	5/6/1999 5:17:00 PM
From: ItsAllCyclical	Respond to of 95453

Articwarrior (KEG) - Comparing KEG to FLC doesn't seem entirely fair. FLC used bonds not a dilutive secondary. Certainly nothing on the magnitude of 55 mil new shares vs 77 mil old - almost doubling the shares. Yes, I know FLC issued some preferred shares, but this was a small % of float. Additionally the debt/equity ratio shown on yahoo for FLC is 1.5, for KEG it's 5.8 almost 4 times larger. If people were afraid of FLC going bankrupt (some still are), the level of debt for KEG scares the bejesus out of me. I'll keep my eye on it, but you don't have me convinced yet.