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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: paul feldman who wrote (45487)	5/26/1999 11:59:00 AM
From: BigBull	Respond to of 95453

As I understand it, the big problem with yards and fabs is simple; new orders. The equation seems pretty simple, low rig count = few new orders. Both FGI and UFAB have made money in one of THE worst oil down cycles in history, that speaks well for management. The big question mark on these stocks is the next 2 quarters probably more than many of the early cycle stocks. This is why I have and overweight position in GLBL and HOFF. $20+ oil may change everything, though, and the streets perception of the later cycle companies could change in a hurry. The chart looks like it's put in a substantial bottom. The big question is what will it take to drive the yard and fab stocks through resistance. A longer holding time frame is probably in order for this one. Fine company though, wish I still had it in my portfolio, I've only got so much money! Damn! Bull