UFAB - oil drilling deck fabrication Message Board

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

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To: SargeK who wrote (284)	3/12/1999 11:54:00 AM
From: SargeK	Read Replies (1) of 337

Andrew, I was perhaps premature in questioning your motives;however, my experience on the YAHOO message boards leads me to question the motivation of "negative" sentiment expressed when the Real News regarding a company and its sector are overwhelmingly positive. The "Amsterdam" meeting has produced a unanimous agreement to cut production by 2mbpd in addition to the 300k already agreed to. biz.yahoo.com As one of the smaller companies in the Oil Service Sector, UFAB shares available for trade is miniscule compared to many of the other countries. This lack of immediate liquidity cause short term traders to favor the larger companies in the short term. In the long run, earnings drives market cap and in this regard I have no doubt UFAB will do very well. Other companies may do better, time will tell; however, many more companies will do a helluva lot worse. With the production agreement intact the entire Oil Service Sector will make enormous gains over the foreseeable future. Since you indicated earlier that U had bought UFAB in at higher prices, I suggest U buy more at current levels thus averaging position at a lower per share price. If you want to be a real hero... Tell your friends to BUY NOW.. While there will be turbulence in the OSX prior to the BIG meeting on the 23rd..... The TREND is definitely up and will stay that way as far as the eye can see. I DO NOT BELIEVE YOU WILL SEE THE SECTOR at this level again __ FOR YEARS. Incidentally, UFABs earnings projections have already been lowered from $2.15 for FY/00 to $1.95 and it is the latter figures on which I based my analysis. Good luck and please accept my apology if I have wrongly accused you of being self-serving. Sargek

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