Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (36136)	1/28/1999 9:28:00 PM
From: marc chatman	Read Replies (1) of 95453

Slider, you probably picked up this item (2 days old) on CXIPY, but in case you missed it. Coflexip Stena Offshore Ceases Production at Its Flexible Pipe Plant in Australia biz.yahoo.com While it's certainly a good move to cut excess capacity, IMO flexpipe is CXIPY's crown jewel, and I don't like to see that area shrink -- yet another sign things are not all well with deep water. They closed 1/8 off the 52 week low.

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