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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (43320)	7/14/2011 10:29:25 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78525

CBI/Construction: I'm still in with average cost somewhat higher than you. Have to look closer to confirm, seem to remember that FWLT was the dominant LNG plant builder. I've no shares of that one. Congrats to CBI if they beat out FWLT and can make a success of the contract. ============== Have been considering adding to my few shares of URS. Low forward p/e compared to others finance.yahoo.com

To: E_K_S who wrote (43320)	7/17/2011 12:39:37 PM
From: E_K_S	Respond to of 78525

CB&I Scores Engineering, Construction Contract for Northeastern Facility CB&I - Wednesday, July 13, 2011 rigzone.com From the article:"...CB&I has been awarded a contract, valued in excess of $300 million, for a new natural gas processing plant in the Northeastern U.S....". ------------------------------------------------------------------------------------------------------------------------ My original purchase of this company was because of their growing NG infrastructure businesses. I thought they would be a big player in building many of the new NG processing plants in the growing shale regions in the U.S.. I am also pleasantly surprised that their newly created Lummus Technology division is landing service contracts that provides the initial NG process planning design. This group of engineers and the services they provide allows the company to land these new processing plant facility contracts. From the new contract announced this week:"...CB&I's work scope includes the engineering, procurement and construction of a 200 million cubic foot per day natural gas processing plant, including full fractionation and treatment capabilities, storage tanks and loading systems. In addition, CB&I's Lummus Technology business sector is providing its proprietary NGL-MaxSM recovery technology. The contract is scheduled for completion in 2012. .." The stock has run up over 122% in the past year. Based on the analysts estimate(s) for next year of $2.83/share and an industry PE of 19, fair value could be around $53.77/share. That's a possible 33% increase from Friday's close of $ 40.50/share. With a looming slow down in economic growth, I will hold my small amount of shares and perhaps add back to a full position on any significant correction. EKS