The Company fabricates offshore drilling and production platforms and other specialized structures used in the development and production of offshore oil and gas reserves.
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This company will be in high demand as it tries to keep up with demand for their services during the hurricane season. It is very nice to see that 75-85% of this company is owned by institutions and the volume of trading is high. May I also say that if there is in fact over 4 billion barrels of oil on the Montana/South Dakota border, Gulf Island Fabrication Incorporated, will be a prime candidate to capitalize on that opportunity. This is definitely a HOLD at least until September. Assuming the U.S. dollar doesn’t make an abnormal recovery.