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Whether you are holding this stock as a long term investment or you trade it, FLC is nice to own. Whether the market does really well or really bad or stays as it is in the coming months, FLC will be a profitable investment --imho. Falcon Drilling provides contract drilling services to the oil- and natural-gas-production industries in the United States and overseas. It owns 82 barge-drilling oil rigs, barge-workover rigs, jackup rigs, submersible rigs, and drillships. The company operates 22 active barge-drilling oil rigs with drilling capabilities of 12,000 feet or greater in the inland U.S. coast of the Gulf of Mexico. Falcon Drilling also operates rigs offshore of Brazil, India, Indonesia, and western Africa. The company agreed to merge with Reading & Bates in 1997.... (Morningstar Quick-Take) ÿ 1900 West Loop South Suite 1800 713-623-8984 Houston, TX 77027, USA ÿ falcondrilling.com ÿ | ||||||||||||||
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