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Gold/Mining/Energy : maverick (MAVK) -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (128)	3/21/1998 9:36:00 PM
From: Harold S.	Read Replies (1) \| Respond to of 432

James, I exited my position on Friday for the very reasons you just mentioned. I think MAVK is also a home run LONG term, but that if things don't go perfect with oil prices in the next few weeks that MAVK will hit 13 1/2. That is my opinion for what it's worth.

To: 007 who wrote (128)	3/21/1998 10:56:00 PM
From: Steve Rolfe	Read Replies (2) \| Respond to of 432

I remember reading or hearing that Maverick could import steel from those countries that are struggling vs the dollar right now if steel prices firmed here. Anyone else hear this?

To: 007 who wrote (128)	3/23/1998 4:11:00 PM
From: spacecowboy	Respond to of 432

Not sure why MAVK didn't follow the oil service stocks up on Friday, but it sure made up for it today. However, today's jump in price was probably led by the short position holders buying out, seeing the change in the OPEC oil production accord as their signal to exit. (There were a little over 1 million short shares on Friday, and volume this morning was about the same -- volume trailed off in the afternoon.) So, we may see a little slumping of MAVK's price, which would be a buying opportunity IMO. Watch for analyst upgrades next, followed by institutional buying.

To: 007 who wrote (128)	3/23/1998 4:53:00 PM
From: spacecowboy	Read Replies (2) \| Respond to of 432

007, As I had suspected the oil producing countries weren't going to sit on their hands and lose billions much longer, and an "overnight" agreement would eliminate the short term oversupply of oil. Now that that has happened, and MAVK shot through 16 to 17, I am still bullish. Not sure yet, but I think MAVK may have led the oil service industry on the upside today. As for the price of steel, MAVK has about $.40 to .50/share of additional profit heading for the bottom line this quarter for savings on steel purchased last quarter. Seems like margins and profitability were OK before the price of steel dropped, so MAVK should be OK if steel prices go back to where they were. In the meantime, higher priced oil means drillers, who never really slowed drilling, but may have allowed their inventories to float down as a precautionary measure, may now step up their orders to restore inventory levels. Seems like any increase in the price of steel will be offset by increased shipments of pipe in future quarters. IMHO. Your thoughts?