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Gold/Mining/Energy : Coflexip ADR CXIPY Flexible Drilling Pipe
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To: Braam who wrote (88)8/28/1998 4:09:00 PM
From: Mel Spivak  Read Replies (1) of 110
 
>>what do you think .. CXIPY's business is just as strong as it was when CXIPY was @ 78. They have a niche that I believe is a monopoly. No competition for their deep water plumbing technology. The closings and shutdowns due to low oil/gas prices have been in the land and shallower water wells.

Unfortunately, CXIPY's share price has been tarred w the same negative brush as those shallow water oil svc co's whose rates, business, rev's have suffered on acct of the price declines. IMO CXIPY shares are a bargain here. Mel
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