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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Razorbak who wrote (37682)2/17/1999 11:03:00 PM
From: Mike from La.  Read Replies (1) of 95453
 
for deepwater, besides the drillers, consider BWG (Bourgnes Offshore) and CXIPY (Coliflex). BWG's backlog is growing from their other projects, building LNG plants, and pipelines. Both do subsea construction in deepwater. They turn the wells into production. Drilling may slow down, put the push now is to move into production. They've been beaten up like the others, but are making good money, and pay dividends.

Anyone want to guess when the speculators will start buying into the sector anticipating an OPEC agreement? I don't think there's any question but that if OPEC reaches an agreement these stocks will take off. That has to start attracting investors willing to take the
chance. Maybe two weeks before the meeting?

Mike from La.
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