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

To: BigBull who wrote (68370)	6/18/2000 11:11:00 AM
From: Razorbak	Respond to of 95453

MDR Catalysts As I've stated I think this stock is coiling now. I wonder what the catalyst will be that unlocks the value? B&W settlement? More orders? Analyst upgrade? What? Care to speculate? How about you Razor? Bullsky: I don't think a B&W settlement is imminent. Chapter 11 proceedings last about 2 years on average, unless they are prepackaged agreements reached with the creditors prior to the date of the filing (e.g., Hvide Marine). With B&W, the "creditors" are the personal injury attorneys working on the behalf of the asbestos claimants, so this definitely isn't a pre-pack case. IMO, the near term catalysts will be upgrades based on improving fundamentals and earnings outlook for the J. Ray McDermott subsidiary (i.e., an oil service catalyst). The long term catalyst will probably be successful resolution of the B&W proceedings, which will finally jettison the heavy anchor still hanging around the corporate parent's stock price. Here is the analysis that I posted back in November following the Druckenmiller/Prudential led massacre... Message 11926166 Message 11927188 I'm still confident MDR will become another golden hook (i.e., 2-bagger plus) in my collection, but I think J. Ray McDermott (i.e., the oil service momentum) will be the near term catalyst, not B&W. B&W resolution, more of a long term catalyst, may give me a platinated or diamond hook, but that'll be purely gravy. ;-) Razor