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

To: SliderOnTheBlack who wrote (61363)	3/3/2000 10:34:00 AM
From: paul feldman	Respond to of 95453

RE: UFAB I've got good news and bad news The good news is that the oil-services group finally has attracted the attention of the momentum crowd, which has helped propel Global Marine (GLM) through key resistance and on to a new 52-week high. I'll hold the position and ride the wave. Receive the Strategy Lab Summary Report by e-mail. I'll also place an order to buy 1,000 shares of small-cap equipment/service provider UNIFAB International (UFAB) at 8 1/2 or better. UNIFAB 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. Because UNIFAB has relatively few shares outstanding (6.8 million), be prepared for volatility and be careful when placing market orders. Details -------------------------------------------------------------------------------- UNIFAB International Price 9 1/8 Change +1 1/8 1-yr Chart Research Wizard Web Site -------------------------------------------------------------------------------- Briefing.com Journal Entries -------------------------------------------------------------------------------- Follow every buy and sell with Agent MULDer's Transactions page. Revenues have trended sharply lower over past few quarters as demand slowed dramatically. However, as long as crude remains above $25 per barrel, drilling activity will pick up considerably in the months to come, which is good news for UNIFAB. I like 'em when they're underfollowed Though the company is projected to earn only 3 cents per share in fiscal 2000, the Street is looking for UNIFAB to make $1.23 per share in fiscal 2001. Investors should note that estimate is based on numbers provided by only two analysts. But those who have followed my methods know that I like companies without a wide following, as increased coverage is usually good news. Technically, UNIFAB broke above pivotal resistance at 8 in yesterday's trading on six times average volume. There is minor resistance in the 9 1/2 area. Penetration of this ceiling would target a move to the 11-12 range. Momentum traders usually focus on front-line companies first. In oil services, that means Schlumberger (SLB), Noble Drilling (NE), Halliburton (HAL), Global Marine, etc. They then shift to second- and third-tier plays. When they do (and yesterday's action suggests that this might be occurring already), stocks like UNIFAB will make their runs.

To: SliderOnTheBlack who wrote (61363)	3/3/2000 10:44:00 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

Anyone buying OSX stocks on the dips today? I was planning to hold off until OSX 98-95. Don't plan to sell oil stocks for a long time. Good luck Jim

To: SliderOnTheBlack who wrote (61363)	3/3/2000 10:49:00 AM
From: The Ox	Respond to of 95453

I did trade a few thousand shares of TCMS to test the waters, so to speak (bought between 3 and 3 1/8 - sold at 3 7/16 and few a bit lower). A successful trade but I feel it was a bit of luck, rather than timing. The float is so small that my purchases, even though they were tiny, moved the stock around. I don't like to trade or invest in issues that are that easy to manipulate, just my conservative nature. TCMS might be just right for some of you but not me. I was reviewing APC and I still don't understand why the market discounts their reserves so much. From what I can see, they have a minimum of 15 'proved' reserves and most likely it's 25 years worth of production available. They have one of the lowest 'dry hole' ratios in the industry but that doesn't seem to be worth didly squat to the street these days. Maybe I'm just hard headed but for the life of me I don't see why APA and APC don't trade within a dollar or 2 of each other. One look at APC's NAV and I know that there will be a profit for shareholders. Probably time to buy as many shares as I can afford under 30 and put them away. JMO, Michael

To: SliderOnTheBlack who wrote (61363)	3/3/2000 11:22:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Ok, I'll bite. What is it? I've got some spare cash hanging around. Lemmee know before I spend the rest on SESI.