UFAB - oil drilling deck fabrication Message Board

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Gold/Mining/Energy : UFAB - oil drilling deck fabrication

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To: Warner Buffett who wrote (60)	9/25/1997 9:25:00 AM
From: andrew r harwood	of 337

It is important to realize that unifab is a manufacturing company.it happens to manufacture gas platforms for the oil and gas industry.it cannot be considered as the same as for example global industries which is another high quality local oil service stock. there have been several stories pushing unifab in the local daily advertiser.another more ominous story appeared today in the business section where union pacific resources was quoted as saying that drill rig prices are becoming so high that it will shortly become non economic to drill in texas for oil and gas at current prices. the oil and gas industry is extremely cyclical and has gone from an absolute bust to a big boom again.ridiculous overpricing of a small manufacturing company in new iberia louisiana is a sure sign of a market top in the sector for the time being. arh

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