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PMHH (oil &rigs) 2mth High on 3x Vol!
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[QUOTE]Originally posted by The Owl: [QB] Oil now over $71.10!! Oil is where it's at and is not going to go away - regardless what happens with Iran & Iraq. We're not suddenly going to run our cars on ethanol - that's years away! Oil is here & now and needs to be secured. As oil rises, so do rig & engineering rates (which is why PMHH have gone from $4m end last year to analyst of estimated $12m sales to be announced end of June). Oil stocks like this will soar when the market wakes up & realises PMHH value (which the new CFO Mr Baer will prove in a month or so) Their latest deal is $12.4m with Keppel Fels - biggest rig builder in the world, but this won't come into effect till late 2007, early 2008. It simply shows how undervalued the company is and what is can achieve as this is a REPEAT order from Keppel. Other repeats include China Oilfield Services Ltd - see website for full details. PMHH do oil rig equipment, also consultancy, project management, and have an intent to move to nuclear decommissioning & offshore wind once the margins get better (see [URL=http://www.smallcap.tv).]www.smallcap.tv).[/URL] This is because both of these require specialist equipment, and offshore engineering skills which Patriot possess. [/QB][/QUOTE]
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