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

To: Think4Yourself who wrote (45214)	5/21/1999 12:45:00 PM
From: PartyTime	Respond to of 95453

Slider's slick, ain't he? I didn't believe him when earlier he had PDE hitting six or so--it was on the day PDE took its worst recent hit. He even hinted at margin calls, etc. It didn't happen--at least not with my own PDE holdings. I sweat a bit, but not much believing it'd bounce back. Anyway. Beyond all that--which, admittedly is nitpicky at best on my part (sorry--just don't like to see stocks I'm invested in argued downward on conjecture only)--would anyone care to comment on the following? messages.yahoo.com Is this: a) a case of wishful thinking on the part of the Yahoo poster; b) a ploy to raise PDE share price; or c) a seed of what might happen? Has anyone else heard similar rumblings on a SLB/PDE deal?

To: Think4Yourself who wrote (45214)	5/21/1999 1:09:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

O/T Lingerfelt.... ? 500K -2.25M trades... ...you lost me on those #'s and that comment. I do not see any effect of any big block buying in FLC today... sure institutions hold a huge percentage of FLC. With ''any'' heavy institutional buying FLC moves 7-8-10% intra day - I see nothing like that today... but, I've been in and out... I was just kidding you by the way - I used 12 ''VBG's'' on my post to you... I posted earlier a list of a bunch of big block buys here (day, or so ago) - I sense we are on the verge of a torrent of new Oilpatch activity after OPEC release its May compliance #'s... I am bullish here overall, but - that doesn't mean all stocks get thrown in the same basket, or that they all move equally.... FLC has too many people willing to sell, or short and still holding short positions, FLC is no where near out of the woods yet - ie: the rumblings of a sellout... Quite simply, I take part of my position because of the position the Street is taking on FLC - too few willing to put the wind at its back here... ie - see the money flow into RDC & ESV ? I think SDC & RIG and even DO are better buys than RDC & ESV and certainly FLC right here, right now; but the Street sees RDC & ESV as better buys than FLC. Again it is all about risk vs. reward here - does anyone not acknowledge that FLC is the ''RISK'' posterchild of the drilling sector ? The time to really load the boat on the ''high risk'' stocks is either when they have a huge and intense selloff - like when it blew down to $5 and was below net asset value and just a simple longterm no brainer; or, when the fundamentals have clearly turned (rig counts & dayrates) - then everyone and their mother will be pounding the table on how undervalued and what a laggard FLC is to its peers... hence; the under $8 , or over $15-18 thoughts.... No big deal.... this is just my personal opinion, I'm certainly more positive than a substantial portion of the market that is willing to short FLC and/or bet on its demise under its debt load.... why not wait untill FLC's leverage is it's best friend and not it's worst enemy ? ....just too many better plays with much, much less risk right now. FLC's day will come - but not tomorrow... PS - all anyone really needs to know is this: Buy the damn Oilpatch when we get to under 15 posts a day and everyone is throwing in the towel; Sell everything when we have 100+ posts and we all get euphoric (myself included) and ''HOLD'' when we argue like this.... (VBG). ....hence - we are clearly in a ''hold'' environment from where I see it ! PSS Lingerfelt - remember my post on ''Lingerfelt'' allready owns it - been there and done that better than ''ask Jeeves'' - (VBG) ...now: << I will be so rich from my natural gas holdings, that I would not mind donating my FLC shares to charity.>. ...you add much to this thread that on its best days can out do the original Star Wars Bar scene... speaking of Chewbacca , anyone seen SargeK ?