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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
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To: SargeK who wrote (280)3/12/1999 8:20:00 AM
From: SargeK  Read Replies (2) of 337
 
Concensus among analysts is significant earnings growth for UFAB for FY/00 beginning Apr 1, 1999 and continued growth of 30%+ annual growth over the 5 year business cycle. Earnings which have grown during the sector recession should continue to do so and Allen Tank (acquired last year) should add to and reinforce the earnings forecasts.

Having grown during the crude depression UFAB is expected to expand further in the more favorable crude environment now developing.. The exporting nations are resolved to cut production to raise oil prices. I have no doubt they will succeed. This coupled with world wide increases in demand and severe cuts in U.S. domestic production will lead the OSX significantly higher this year and next. As domestic production is reinvigorated from the higher crude prices, companys like UFAB will benefit significantly.

I think UFAB which has proven its mettle in the worst of times will reward it shareholders in the years to come.

Good luck to all

SargeK
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