Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brent Hogenson who wrote (45045)	5/19/1999 6:09:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

<<Steven Webster (FLC's CEO) publicly stated that FLC could earn $4 per share in a "normal market".>> I wonder which time frame he would point to as being a "normal market". The money made in 1997 surely wasn't normal. Since drillers as a group have been unprofitable for 14 out of the last 17 years...maybe this market today IS normal. big atoffshore.com

To: Brent Hogenson who wrote (45045)	5/19/1999 6:12:00 PM
From: Big Dog	Read Replies (3) \| Respond to of 95453

Following from a lurker pal of the board. I was browsing the options of various OSX components. I took a look at FLC and found that someone had bought 4200 Sept 10 calls. Big number! I checked out SLB/HAL etc and concluded that this transaction was DOUBLE VOLUME of all the OSX calls/puts volume combined for the day... (May 14) big atoffshore.com

To: Brent Hogenson who wrote (45045)	5/19/1999 6:41:00 PM
From: Linkdog	Respond to of 95453

Don't forget the $300 million equity infusion in April. The $545M +300M + another $100 million (minimum - just multipled 1Q numbers by 3) operating income That's almost $1Billion in liquidity - guaranteed to be there. When you consider they are considering $500M in project financings and a revolver of $180 million there is a real possibility of $1.6 billion of liquidity being added to the Company this year. Either these guys have a credible story or they are the best sales people in the world. I think it will be interesting to see what happens - however with a min $1 billion of liquidty over the next 8-10 months I'm not worried yet.