Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bw who wrote (2573)	10/29/1997 9:40:00 PM
From: david james	Respond to of 95453

Anyone have a good idea of all the different companies innvolved in this project? It seems huge by any standards. As posted below, American Eco (ECGOF) is involved, but it would be worth knowing who else is - especially smaller companies where this will have significant impact. biz.yahoo.com _________________________________________________ CALGARY, Alberta, Oct 27 (Reuters) - Canadian regulators on Monday recommended the proposed C$3 billion ($2.2 billion) Sable Offshore Energy Project and its affiliated pipeline be allowed to pump eastern Canadian gas to Atlantic provinces and the energy-hungry U.S. Northeast. The huge project -- planned by a blue-ribbon roster of energy companies led by Mobil Corp. (MOB) -- would include the development of six natural gas fields off the coast of Nova Scotia and a pipeline to ship the gas through Nova Scotia, New Brunswick and into Maine, New Hampshire and Massachusetts. ______________________________________________ . . . American Eco's involvement so far ______________________________________________ HOUSTON, TEXAS--(BUSINESS WIRE)--July 21, 1997--American Eco Corpora (TSE ECX., NASDAQ ECGOF. ) Michael E. McGinnis, President of American Eco Corporation announced that its wholly owned subsidiary, MM Industra Ltd. of Dartmouth, Nova Scotia, Canada in conjunction with its joint venture partner, Brown & Root Energy Services, has been awarded a second contract for CDN $13.0 million, for the fabrication of the North Triumph platform topsides, on the Sable Offshore Energy Project (''SOEP''). The Sable Offshore Energy Project valued at some $3.0 billion will develop the significant gas reserves located 200 miles off the Nova Scotia Mainland. The contracts awarded since April 29th for this project to American Eco / Brown & Root, amount to $26.0 million. It is expected that an SOEP decision to move forward with an expansion of the project involving fabrication and commissioning assistance of the North Triumph deck and ventboom, will be made in October. Besim Halef, President of American Eco subsidiary, MM Industra, stated, ''We are on a tight timeline in a series of milestones to reach production of natural gas from Nova Scotia's offshore shelf by November of 1999. The SOEP partners have been very conscious of taking advantage of the logistics, technologies and job skills available at our Nova Scotia fabrication facilities for this important energy project.'' Brown & Root Energy Services is a division of the Halliburton Company. MM Industra is a wholly owned subsidiary of American Eco Corporation. _________________________________________________

To: bw who wrote (2573)	10/29/1997 11:03:00 PM
From: Velocipher.	Respond to of 95453

bw, If you look at the growth percentages instead of total market, you will see that AMAT and FGII have comparable potential in appreciation at this point in their cycles. Because of FGII's small size as compared to AMAT's at this point in their runs, I believe you will see that FGII's multiple should be higher relative to AMAT's IMO. I'm glad you like the comparison. It is amazing to me how these patterns seem to repeat, just in different industries at different times. It goes back to my belief that physchology rules these markets. Greg