UFAB - oil drilling deck fabrication Message Board

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

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To: gpphantom who wrote (303)	4/5/1999 6:16:00 PM
From: andrew r harwood	Read Replies (1) of 337

well i wish you good luck i jst got rid of mine at a considerable loss .what will happen is that in the first phase of the bear market that we are now in in oil and gas service companies the rig owners and the boat people will be the ones most affected because thats what the drilling companies will turn off first ,this has already happened .but they will also be the ones to recover the quickest .the fabricators like unifab will tend to hold up a lot better since they have preexisting orders for platforms on finds already made . however their downturn will tend to be longer and they will be the last to recover . a good number of people that i know in acadiana some of whome are knowledgeable about the company have been selling even at these depressed levels ,most prefer global industries .so while unifab is a lot better buy at these depressed levels compared to a year ago i decided to sell because i figured i could find a more productive place to put my money .i think you are in for a long wait .just my personal opinion of course .arh

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