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To: Linkdog who wrote (45021)5/19/1999 3:02:00 PM
From: Gary Burton  Respond to of 95453
 
Bought back 1/3 of my old position in FLC at 10. Suspect it may drift towards 9ish



To: Linkdog who wrote (45021)5/19/1999 3:08:00 PM
From: IndioBlues  Read Replies (1) | Respond to of 95453
 
Don't get me wrong... I love FLC's upside potential

I am loaded up on Sep 10s, probably beyond the point of prudence. My essential point is that absent an imminent pickup in shallow water contracting, FLC may be approaching a point where it has to merge or let go some of its most appealing assets (new deepwater rigs) at relatively attractive prices if it wants to stick around for the broader upturn. Just my opinion. good luck to you.


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