Global Industries, Ltd. (GLBL)
Provides construction services, including pipeline construction, platform installation and removal, construction support, and diving services, to the offshore oil and gas industry in the United States Gulf of Mexico and in selected international areas.
Recs
Given the precipitous decline of crude oil prices and, which was caused by a global economic decline and many oil wells coming into production, the market has oversold on irrational speculation and not substantiated evidence. Given this aspect and the shift from land based wells to oceanic wells, we will see an elevated level of demand with Global Industries.
Recs
Watched for weeks. Gains appear solid and progressive.
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All I can say about this little company in a sea of sharks is "IMPRESSIVE". This company continues to find contracts, although small; they keep the cash flow going. When the demand for oil rises again, they very well may become one of the sharks.
Insiders hold and are buying shares. Institutional investors have large holdings as well. Management is conservitive and shows a real desire to build shareholder value. The fundamentals of the company are solid.
I bought this stock @ $3.38 and I'm up 91.42%. It continues to get good press and find new contracts from seemingly nowhere.
Recs
will rebound along with stocks like Hero and WFT. Minerals and Energy for the Obama inflation years
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Good growth and earnings.
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i saw global industires on a simpsons episode...it might have been globaldyn
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(L>50&8>50)&C>MaxH10.1& (M//W or M>
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Oil will settle down around $70-$80 within a year and everyone wil need infrastucture watch these guys to follow the leader
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Will go up as soon as the economy rebounds..
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the dependance of foreign oil has put a bad taste in alot of countries mouths are looking to facilitate their domestic resources for oil and natural gas. This company builds infrastructure for that
Recs
Mostly stealing from TMFMossBeliever. I suspect we'll continue to see weakness in this sector for a time -- at least so long as the economy is a drag -- but, long-term, construction and pipeline services are essential.
More: http://www.fool.com/investing/small-cap/2008/12/11/the-next-million-dollar-penny-stock.aspx
Recs
A couple of their projects have gone south this year, causing 2 consecutive quarters of losses. But with those projects being completed, better cost management with a new CEO, and new work which is building in Brazil, I see good things coming in the future. They have already hit rock bottom. I smell come back.
Recs
Poorly valued compared ot competitors.
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went low-tried to expand too fast; will make up for it next year
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When the market starts to shift, this will be a stock to watch. It has taken a horrible nose dive and with the new regime in office, oil will be back. Offshore drilling will be an answer. I'm more of an alternate energy advocate but this is the here and now. Alternate energy is the future. PLAN FOR THE NOW!
Recs
Bound to rise by up to 20% by wednesday, mark my words... Promising company, good future potential, and been falling now reaching a stable point. Compare to DGLY.. Both good stocks
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This stock has done nothing but fall since July 2007. Even on the rare days that the market is up GLBL shows a loss or very minimal gains.
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Price of oil has dropped 50%. Stock price has dropped a substantially greater percent as if the price of oil had dropped 90%. Oil powers the world and will for many years to come..
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Sell this stock when the world doesn't need any more oil.
Recs
near 52 week low

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