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


To: SargeK who wrote (286)3/12/1999 5:38:00 PM
From: andrew r harwood  Read Replies (2) | Respond to of 337
 
Well everyone is entitled to thier opinion.for every buyer there is a seller.clearly unifab is a better buy at these levels than it was during the euphoria days .i have no intention of buying anymore have a boatload of oil service stocks and also live and work in acadiana.an investment club that i belong to just descided to bail out of unifab but keep global. i know a good number of people in the oil and gas industry in acadiana as do members of my investment club some of whome play golf and hunt ducks with a lot of the movers and shakers in the gulf of mexico oil and gas scene . and believe me you can learn a lot more about a companies prospects in a duck blind than you can from wall street analysts .
anyway time will tell the oil service sector is currently undergoing a severe downturn right now and a lot of companies are in jeopardy and in a few years there are going to be a lot fewer players than there are now .whether unifab will be one of the survivors who can tell and that includes daily berard .as noted above the one thing in unifabs favor is very low debt levels .the profit predictions for unifab posted by you in my opinion are pie in the sky but thats just my own personal opinion .arh