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

To: The Perfect Hedge who wrote (2369)	10/21/1997 8:29:00 AM
From: SJS	Respond to of 95453

Glen, Not helping might be something I read last week. A pipe shortage (which is generally good for pipe producers) so acute that it is generating very long lead times. Ulitmately, the demand can't seem to be filled by domestic manufacturers. Consequently, drillers are asking the government to lift trade sanctions on overseas pipe/tube producers, which creates more supply. This seemingly removes the opportunity for MAVK or LSS to be in the catbird seat (majority domestic suppliers) forever. MAVK doesn't want this to happen, of course. I'll see if I can find the article...

To: The Perfect Hedge who wrote (2369)	10/21/1997 2:28:00 PM
From: Bob A Louie	Read Replies (4) \| Respond to of 95453

I'm not sure what's happening with MAVK. I still think it's fallout from LSS drop. I called IR at LSS and tried to get clarification of CEO's remarks. The CFO is supposed to call me back. If you look at his statement he talked about a "brief plateau in demand for oilfield products is possible". Apparently LSS makes more than just drill pipe. I'm trying to find out specifically what "oilfield products" he's talking about. Also the key words are "brief" and "possible" niether one which convinces me that a problem actually exists. BTW last night First Call reported 1 analyst revised EVI 1998 earnings up to $3.29/sh up from 3.10 and 1999 earnings up to 4.43 from 4.21 Bill