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Gold/Mining/Energy : Chicago Bridge & Iron Company N.V. (CBI)
CBI 16.390.0%May 11 5:00 PM EST
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From: JakeStraw6/3/2005 8:11:42 AM
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"We think energy infrastructure is a big growth area because people need to do more drilling. That's why we own a company like Chicago Bridge and Iron (CBI). They do engineering construction and are involved in energy infrastructure development like port development. There is not enough energy infrastructure available, so they can cherry-pick projects around the world.

And even if oil prices go to $35, there is still a need for these facilities. In some ways they are leveraged to the oil price cycle, but in other ways they are less sensitive to oil prices because their earnings are not going to move as much as oil producers' if oil prices change."

thestreet.com
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