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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (51068)	6/17/2004 5:34:57 PM
From: Taikun	Respond to of 74559

OT/Thank you! I'm looking at SLB as well. I want to add to PTEN, NBR but these service companies, like the tanker stocks and pipelines, are way more volatile than the reserve-owners (ie the CanRoys). I am also looking at buying Mitsui Shipbuilding (Tokyo 1st section #7000), and Daewoo Shipbuilding (DSME), Korea-KOSPI-#042660, as these are two of the best VLCC builder pure plays, in my opinion. The existing VLCC fleet is running 100% and all it takes is a little fire or a tanker-jacking in the Straits of Malacca. Technicals look good, attractively priced right now. I'm curious about NKO but most of their work is offshore-India, and I'm trying to focus on 'stable-country markets' US, Norway, other Europe. Would that include Canada? (Kidding!!!)