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To: LastShadow who wrote (4298)12/12/1997 12:04:00 AM
From: Jenna  Respond to of 120523
 
Watch List Dec 12: NIAG,ABS,CXIPY*,PIR,HERB,CUNO,CMGI,RAD,TRBC,AVP,SPYN
quote.yahoo.com

news stocks after the close: CFON,BJS,SDG (FDA did not give the go ahead for their spinal fusion aid www1.newsalert.com so look for some further upside on SPYN)

*The Coflexip Stena Offshore Group to Significantly Increase Fleet <CXIP.PA>

The Coflexip Stena Offshore Group to Significantly Increase Fleet Capacity
PARIS, France, Dec. 11 /PRNewswire/ -- The following was released today by
Coflexip Stena Offshore:

1) Ultra Deepwater Installation Vessel

Coflexip Stena Offshore (Nasdaq: CXIPY) announced today that it has
completed on December 10th the acquisition of a 168m long, 27m beam
conventional ship, the "Kitty". The Group is planning an extensive conversion
program of the ship into a multipurpose ultra deepwater installation vessel.
The converted vessel would be used for both laying flexible and rigid pipes as well as for riser installation. She would also be capable of performing various subsea construction works, thus offering maximum flexibility. She will be fitted with state-of-the-art pipelay and remote intervention equipment and dynamic positioning capability of the highest industry standard.

2) Charter of a New DP Multipurpose Vessel

Coflexip Stena Offshore has also announced that it has agreed with the Norwegian shipowner Solstad a 5-year charter commencing March 1999, with option for a further 10 years, on a purpose built vessel of 270t bollard pull, fitted with anchor handling winches up to 500t, helideck, working moon pool for vertical laying system (VLS) and/or ROV, foundation for 140t crane and accommodation for 67 people. The vessel is also equipped with 150t A-Frame and fitted with the latest DP technology up to NMD Class 2.
It will perform trenching activities and will also lay flexible pipe, support diverless construction work and mooring installation. In the interim, under the same agreement, Coflexip Stena Offshore has chartered for a minimum of 100 days starting December 2, 1997, until December 31, 1998, the Normand Atlantic, a DP vessel upgraded for trenching operations. The vessel has already commenced pipeline trenching operations in the North Sea.



To: LastShadow who wrote (4298)12/13/1997 7:21:00 AM
From: toothdock  Read Replies (2) | Respond to of 120523
 
Last-great post!!!!!!!!!!!!

Don't you think in this new high tech era though, the techs have to play a role even in a recession (which I do not think we are entering). The need for connection to the electronic world will be essential to every household entering the next millenium. Merely to shop the essentials like food, clothing, and drugs, may require an e-connection in every home.

Whatya think?

trade with #profits

toothdock