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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (58855)	1/21/2000 1:33:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

UFAB #1 Small Cap with prior cycle proven performance and substantial price upside still remaining - THE laggard play ! UFAB Company description: Unifab International, Inc. is involved in the custom fabrication of decks and modules of drilling and production equipment weighing up to 6,500 tons for offshore oil and gas platforms, and has special expertise in the fabrication of decks with complex piping requirements. The Company also fabricates jackets for fixed platforms, pilings and other rolled tubular steel sections, compressor and generator packages, platform living quarters, subsea templates, bridges for connecting offshore platforms, wellhead protectors and modules for the onshore petrochemical and refining industries. In addition, Unifab refurbishes and retrofits existing jackets and decks and performs offshore piping hook-up and platform maintenance services. The Company's customers are primarily major and independent oil and gas companies and offshore marine construction contractors. The Company's structures are used primarily offshore West Africa and in the Gulf of Mexico. Low Institutional ownership of only 18% allows for substantial accumulation & upside shareprice pressure: Institutions have positively been accumulating during past quarter. yahoo.marketguide.com Good Balance sheet/strong financials: yahoo.marketguide.com biz.yahoo.com 1.debt to equity only 42% 2. book value $6.88 Substantial upside appreciation supported by prior cycle valuations, as this was a $15-$25 stock prior cycle 2 year chart: finance.yahoo.com short term technical chart: this looks outstanding ! siliconinvestor.com Stephens has UFAB with a $24 12 month price target - with their highest upside appreciation of any Energy stock in their coverage universe. UFAB will have the lowest multiple based upon cfps, book value, PE of any stock in their Energy coverage as well. UFAB CEO just made these comments below about soon being at full capacity; thanks to Jungle Investor for this post: ------------------------------------------------------------------------ To: Big Dog who wrote (57549) From: JungleInvestor Thursday, Dec 30, 1999 2:10 PM ET Reply # of 58866 Big Dog, I hate to mention the "F" word (i.e., "Fab") on this Board, but a report from Morgan Keegan (excerpt and URL below) and the following post from the Yahoo UFAB message board indicate that things are really picking up for the fabs, to the point that there will be zero capacity available in the first half of Boom 2000. Have you found this to be true? Morgan Keegan excerpt: "In the press release, CEO Dailey Berard said the "momentum in bidding activity is accelerating at an unprecedented pace compared to prior months." This statement is in line with a number of other sources with whom we talk. The marine construction industry, particularly in the areas where independent oil companies more typically operate, has bids outstanding but not yet awarded at levels never before seen. When these bids finally begin to be awarded, available yard space should quickly disappear and prices should turn up sharply. A major oil company customer was told the other day by UNIFAB that it had best make decisions soon on the release of funds for several large planned projects or be faced with an industry that has no excess capacity no later than about June 2000. stephens.com papalapin by: ohdmfs 12/30/1999 10:48 am EST Msg: 1075 of 1075 word on the street in New Iberia is the same. UFAB is calling in all desireable former employees. after first of year they will put ads in local newspapers for the rest of the people that they will need. rumor is that a 500,000 man hour project is signed. this is not confirmed but the word is that it will be announced after the first of the year. again that's the rumor floating around. i don't know how true it is. FWIW. ------------------------------------------------------------------------- 69% upside remaing from today's price of $7.25 to 52 week high of $12.25 = 138% potential return on margin. Given CEO Dailey's remarks on soon being at full capacity and the prior cycle valuations, the positive breakout here , the stong technicals - this former $40 stock with a strong balance sheet is a gift here. Loaded the boat on margin; pretty much thanks to JungleInvestor's heads up a while back... See you at $12 and this will be a $20+ stock once again at peak cycle 2001.