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

To: John Doyle who wrote (44416)	5/10/1999 2:52:00 PM
From: SliderOnTheBlack	Respond to of 95453

< Would anyone be buying FLC here? > Yup ! - so bring her on down... Quite simply; for ''ANY" driller stocks to be successfull from here ; and basically for the Oilpatch as a whole to be fundamentally successfull from here - FLC is more leveraged to that success than nearly any other driller, or service company - period. So, if you are going to be long ''anything'' in the patch - FLC is the thinking mans long; also with it's volatility, allways a short selling target because of massive weak handed individual speculators - it will allways offer averaging in opportunities and short squeeze ''pops'' to the upside as well. I bought FLC last week on dips and will chase this one down as low as anyone wants to take it here with present Oil & Gas price trends... Only a massive crude Oil selloff from OPEC cheating could rock FLC's boat. I see $15-16 Oil as a floor even with OPEC cheating. FLC is a $10-12 stock with $15 Oil and a $15-20 stock with ''sustained'' $18 Oil and a $30 stock in 12 mos+ with $20 Oil and with Natural Gas prices where they look to be headed. Quite simply if you're going to bet on the OSX stocks - FLC is the mathematical odds on fav' imho. RIG is mispriced as opposed to DO, NE & peers as well imho. RIG-FLC & PGO covers all my bases...fwiw Now if you really want to hedge your bet .... micro-cap E&P Nat Gas stocks...

To: John Doyle who wrote (44416)	5/10/1999 3:02:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Lets refer to FLC as FLC/CDG to put its leverage in proper perspective here ! For those than have been here a while; CDG would be ''the'' Mo-Mo fav' right now - so when referring to FLC's potential; especially in light of the Street's acknowledgement of the shallow water Nat Gas drilling activity leverage being the best sector coming online recovery-wise; Lets refer to FLC as FLC - CDG at least untill it ''pops'' to $15+ ...<VBG>. C'Mon sell this thing off .... want $ 9 7/8ths one more time...pleeze

To: John Doyle who wrote (44416)	5/10/1999 4:44:00 PM
From: Brent Hogenson	Read Replies (3) \| Respond to of 95453

Why would anybody not buy FLC now? FLC has enough cash to easily make it to the end of yr 2000. They have the largest revenue stream from signed contracts and they have the largest inventory of idle rigs(potential earnings growth). If you take a look at their annual report, they have something like 8 out of 12 of the world's ultra-deep rigs. They have the largest fleet of both deep water and shallow water rigs. If this recovery is for real, this stock will not stop at $20. Why would anybody buy any driller other than FLC? If Oil/Gas does not recover, all these stocks will go down. If we do get a recovery, FLC will return far more percentage wise than any other driller out their. My suggestion is you buy back your 40,000 shares before the next API report. It's only a matter of time IMHO! FWIW-(disclosure - my enthusiasm is either backed or blinded by my belief) I own 19,500 FLC, 1,000 RIG, 1,000 NBR