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Gold/Mining/Energy : UFAB - oil drilling deck fabrication -- Ignore unavailable to you. Want to Upgrade?

To: SargeK who wrote (280)	3/11/1999 4:47:00 PM
From: andrew r harwood	Respond to of 337

Even though i own unifab i am not sure how accurate these estimates are.i would think with the way the oil patch is right now it will be a miracle if unifab manages to be profitable for the next couple of years.global industries is probably a better spec,it is a larger more stable company and probably has much greater upside potential than unifab .i am also not sure if the recent turnaround in the oil and oil service sector is a sucker bear market rally or a sigificant turnaround i wouldnt take any bets right now arh

To: SargeK who wrote (280)	3/12/1999 8:20:00 AM
From: SargeK	Read Replies (2) \| Respond to of 337

Concensus among analysts is significant earnings growth for UFAB for FY/00 beginning Apr 1, 1999 and continued growth of 30%+ annual growth over the 5 year business cycle. Earnings which have grown during the sector recession should continue to do so and Allen Tank (acquired last year) should add to and reinforce the earnings forecasts. Having grown during the crude depression UFAB is expected to expand further in the more favorable crude environment now developing.. The exporting nations are resolved to cut production to raise oil prices. I have no doubt they will succeed. This coupled with world wide increases in demand and severe cuts in U.S. domestic production will lead the OSX significantly higher this year and next. As domestic production is reinvigorated from the higher crude prices, companys like UFAB will benefit significantly. I think UFAB which has proven its mettle in the worst of times will reward it shareholders in the years to come. Good luck to all SargeK