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Non-Tech : IPS: IPSCO Inc.
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From: teevee2/2/2001 1:12:27 PM
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IPS has had a good move over this week. As of mid January, production has been expanded by 75% going forward from 2.0 million to 3.5 million tonnes per year. Verticle and horizontal pipe volumes and margins should expand with oil and gas well drilling increases and well tie ins to gas plants. Also, IPS will likely get a good chunk of the Alaska-Prudhoe Bay gas pipeline contract. IPS went to CDN$40 on the Alliance high pressure pipeline. IPS could get back to CDN$40.00 the next two years.
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