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Gold/Mining/Energy : CE Franklin T.CFT AMEX CFK

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To: Doug D. Eck who wrote (18)	10/29/1997 9:34:00 AM
From: Stephen D. French	Read Replies (1) of 40

Doug - The IBD article can't be read online but I can provide a summary for you. The article was titled "Oilfield Suuply Firm's Goal: 1 Billion Served" The Ceo thinks his company could become the next Wal-mart or MacDonalds. The company's 15% market share is twice as large as the #2 firm's share. The company supplies and distributes more than 30,000 products for virtually every facet of oil and gas production. It's most important business is in tubulars, where it holds 22% of the market. Tubulars are steel pipes used for various reasons. Canada is the world's third largest natural gas producer and 11th largest crude oil producer. There is a labor shortage in canada. Oil prices are expected to rise apx. $1 next year and gas prices up 10-20 cents. In the third 1/4 the company earned 21 cents (canadian), up 12 cents in the year ago period.Revenue rose 59% to $ 115 million. Net margin increased from 1.4 to 2.6% between 95-96, as well a doubling of sales. An analysts report projects they will earn 61 cents canadian on revenue of $385 million this year. That compares with 96 figures of 43 cents and $259 million. In 98 it's expected to earn 70 cents on $440 million in revenues. stephen

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