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: drsvelte who wrote (21427)	5/5/1998 12:45:00 PM
From: Jack Be Quick	Respond to of 95453

drsvelte, Yes, Trapper knows his octg. (Btw, I had a similar experience with LSS and having my head handed to me - you have my condolences). I asked Trapper a while back about Oregon Steel (OS), a specialty steel co. with some octg exposure. As I recall, he gave their products a mixed review (basically depended on the type of pipe and which OS division made it). Anyway, OS just had what was pretty evidently a horrible year: big time labor problems, new plant start up problems, business interruptions, etc. Still, they pay a current dividend of 2.36%, they have a large supply agreement with a new Canadian pipeline project [Alliance Pipeline - I don't think that this is the one that was cancelled, but I'd double check], '98 & '99 estimates are something like $1.50 & $2.50, respectively, and the stock has held up well. I mention the latter because when I looked at a watchlist of octg stocks I put together last Oct., I notice that LSS and MAVK are both down something like 50%, while OS managed in spite of everything to actually be up 1%. So, my suggestion, fwiw, is that if you are looking for an octg play, also consider the more diversified steel companies. They may not fly as close to the sun during the good times - but that crash and burn thing is no fun either. Best, John