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: Big Dog who wrote (57547)	12/30/1999 2:10:00 PM
From: JungleInvestor	Read Replies (6) of 95453

Big Dog, I hate to mention the "F" word (i.e., "Fab") on this Board, but a report from Morgan Keegan (excerpt and URL below) and the following post from the Yahoo UFAB message board indicate that things are really picking up for the fabs, to the point that there will be zero capacity available in the first half of Boom 2000. Have you found this to be true? Morgan Keegan excerpt: "In the press release, CEO Dailey Berard said the "momentum in bidding activity is accelerating at an unprecedented pace compared to prior months." This statement is in line with a number of other sources with whom we talk. The marine construction industry, particularly in the areas where independent oil companies more typically operate, has bids outstanding but not yet awarded at levels never before seen. When these bids finally begin to be awarded, available yard space should quickly disappear and prices should turn up sharply. A major oil company customer was told the other day by UNIFAB that it had best make decisions soon on the release of funds for several large planned projects or be faced with an industry that has no excess capacity no later than about June 2000. stephens.com papalapin by: ohdmfs 12/30/1999 10:48 am EST Msg: 1075 of 1075 word on the street in New Iberia is the same. UFAB is calling in all desireable former employees. after first of year they will put ads in local newspapers for the rest of the people that they will need. rumor is that a 500,000 man hour project is signed. this is not confirmed but the word is that it will be announced after the first of the year. again that's the rumor floating around. i don't know how true it is. FWIW.

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