Gold/Mining/Energy | FLC Falcon Drilling
|To: Herc who wrote (449)||10/20/1999 11:30:00 AM|
|From: Charles H. Waldron|
Absolutely not for buying and holding. The old adage holds, "Buy low and sell High." I got in early in the year and got out about 3 weeks age. Wish I were always that wise or lucky or whatever.|
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|To: Spaw who wrote (451)||10/28/1999 12:57:00 PM|
Any updates on the two recent catastophies for FLC?
1. The Falcon Ice ran aground while under tow into Singapore harbor about 2 weeks ago.
2. The Pathfinder dropped her BOP's and 20 joints of riser in about 7000' of water in the Gulf of Mexico last Friday.
The latter one has some pretty serious implications - but I haven't heard any info as to how it happened. My guess is either failure of a riser connection or failure of the elevators.
Regards to all.
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