Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (54871)	11/16/1999 10:24:00 PM
From: Razorbak	Read Replies (1) of 95453

Oceaneering Bull, if I recall correctly, Oceaneering has had a standing contract with the US Navy for this kind of recovery work for years. Actually, Oceaneering is quite well diversified for what used to be strictly a diving support company. I think they even make those little robots that go in and snoop around with video cameras in nuclear power plants after an uncontrolled release. Maybe JQP can add to that particular issue? Their real forte is as much high-tech robotics and electronics as it is subsea work for the oil industry. That tends to protect them on the downside when the oil industry slumps. They're a top notch outfit. We used to compete against them at Brown & Root's subsea division, Rockwater, and I can attest to their strong reputation. It's a good stock to keep in your portfolio. Razor

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