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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued -- Ignore unavailable to you. Want to Upgrade?


To: Grommit who wrote (111)1/1/1998 10:15:00 AM
From: John S. Sturges  Read Replies (1) | Respond to of 547
 
Recent insider activity has been very positive for E&P companies. Names mentioned are Pioneer, Saba, Santa Fe Res., Apache & etc. Also latest CIBC Oppenheimer survey of majors indicates a 9-10% increase in drilling budget with most going off shore especially the Gulf of Mex. and Africa. HMAR is concentrated in the GOM but has just picked up an operation in the UK which works off of North Africa. HMAR should double revenue in 1998 by their own forecasts. Best regards, John