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

To: chowder who wrote (71011)	8/16/2000 12:19:49 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

You fell asleep reading about their robots? Damn! I get goosey pimples all up and down my spine when I read about them! No accounting for taste, I guess. Those robots are some of the highest tech gear in the whole damned patch. Seriously, the only word you need to know about OII is DEEPWATER. When that finally takes off so will OII. OII has really leveraged their assets towards the deep stuff, so that they can boldly go where no drill bit or man has gone before. These guys are as close as you can get to Star Trek of the deep. They also have large production capacity for umbilicals, which is deepwater too. If you see 12 don't even think about it. I won't. Looks like deepwater is a 2001 story though, which is why the thing sells so cheap now. Believe me, when deepwater gets going these guys will KILL! Don't even get me started on the Hollywood stuff. ;o} Gotta run for the day. Have fun. Bull

To: chowder who wrote (71011)	8/16/2000 12:21:12 PM
From: Archie Meeties	Respond to of 95453

This OSX rally looks weak...

To: chowder who wrote (71011)	8/16/2000 1:27:05 PM
From: kollmhn	Read Replies (2) \| Respond to of 95453

dabum SSB put out a new report today, on OII. Long and short is that they site the following: OII trades at a significant disc to mar. constr. companies like GLBL and HOFF due to the "lumpiness" of the MOPS demand, timing uncertainty (revenues) from their other segments and earnings leverage dilution for Ad Tec. A discount is warranted, however, the co's current earnings growth profile compares favorably with its comparables and the apparent earnings power suggests significant stock appreciation in the next 12-18 months. Target $28. We note that improved earnings visibility in the coming months could strengthened this opinion. Current (just revised down) estimates are for OII to earn $.65 this FY ended 3/31/01 and $1.35 for 2001. Correspondingly, GLBL is estimated to earn ($.10) and $.55. It strikes me that if OII is going to remain profitable and out earn GLBL next year by a factor of nearly 3 to 1, , and has a book value twice that of GLBL, that OII ought to be worth twice that of GLBL, IMO. It seems the entire sector continues to suffer from delayed project awards. No meaningful pick up is expected for OII, GLBL, etc. until 2001. Is it still too early to own any of them?