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Get $2 oil stock for 30c! - PMHH.
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[QUOTE]Originally posted by The Owl: [QB] Thanks - 8 others agree too - all buys. Still a whisper. Should be a contract or two within a coupla weeks from one of the worlds biggest exhibitons in Houston right now. Rigzone.com for news on an industry about to go crazy...the next big thing? Oil services co's - particularly this one which equips, trains, provides consultancy & designs equipment - all in one package & is voluntarily reporting to show how well it is doing within 2 months. Audit is going on right now I understand. Why? Demand, Demand, Demand for people, equipment, rigs etc AND soaring rig rates, & delays for much needed new rigs & repairs to old. That's why the forward order book for this company stands at $33.25m! - up from $19.25m last October, yet still rising due to business mainly from Singapore Office, Korea, China etc. They don't need 2x the work to get 2x the profit due to rates which feed straight to bottom line. The industry is in such a boom, pre-funded govt orders should be the order of the day soon. Jan $12.4m Keppel order puts them in a new gear as it's everything. They still have plenty of cash for more though, and big orders from China & Dalian shipyard will swell 2007 (& 2006 figures to be seen in just 10 weeks time!), not to mention other REPEAT orders within last year from China Oilfiede services, Petrobas, Pride International, Baker Marine & smaller unannounced deals... [/QB][/QUOTE]
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