Global Industries, Ltd. (NASDAQ: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.
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hurricanes will be big biz this year(unfortunatelu)
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I would buy GLBL now and hold until it hits $23.75. At that level GLBL is fairly valued. If it drops under $20.00 again will buy heavy and hold until GLBL hits the $23.00 level again. Over the long haul GLBL is going to $28.00, STAY IN IF YOU CAN HANDLE THE UPS AND DOWNS OF THE "CRUDE" WORLD.
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I own shares of GLBL and they have been performing well.
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Global has 3.2 billion out in bids as of 3/1/07. 2006 gross was 1.2 billion. Globals lowball competition bidders cannot deliver their won contracts in full or on time which causes lost time and therefore lost money as these situations play out and the clients learn their lessons Globals close rate on bids will increase. No brainer!!!!!
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Undervalued and specific market needs to to price adequate for exploration.
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Bargain growth pick from Yahoo Finance. Chosen after market close on 9/27/2006.
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GLBL is a smaller offshore drilling company that is continuing to make a name for itself. What I like most about this company which made me buy it was the controls on debt and borrowing. They my lose some really big contracts due to borrowing limits but the controls they have in place keep them from getting out of control with too much debt. In addition, since they are many an offshore pipeline and paltform building company, continued hurricanes and exploration in the Gulf of Mexico will keep them busy as well as an expanding presence in other areas of the world, especially in areas that cater to the China and India region.
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