UFAB - oil drilling deck fabrication Message Board

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

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To: soozathelooza who wrote (160)	11/26/1997 1:25:00 PM
From: andrew r harwood	Read Replies (1) of 337

As i observed soon after the ipo unifab became ridiculously overvalued and overhyped for a little company in new iberia which manufactures gas production platforms.its price has now fallen to more reasonable valuation levels so its probably getting time to buy .its a fundementally sound company that is well run and with plently of cash and no debt and should do well in the long term.all of the oil service sector had a big run this year and is now correcting but unifabs correction has been more severe as it was overhyped on the internet and in the local newspaper the lafayette daily advertiser . now the local news paper is reporting the drop in the price so its probably getting down to a good buying level.if it goes back down to its ipo level of 18$ it should be a good long term buy.global industries another quality oil service company based in lafayette is also now a good buy after correcting also.the oil service industry here in lafayette is still booming and the oil companies are still planning to spend a lot in exploration in the gulf next year .the oil service companies here in lafayette are more price sensitive to the price of natural gas rather than oil.arh

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