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BRNC is my favorite play in the oil

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MikeDDKing Member Level  Thursday, 09/07/06 09:32:25 PM
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BRNC is my favorite play in the oil and gas services sector. Analysts are expecting them to make $0.67 in Q3, $0.76 in Q4, and $3.71 in 2007. They are the cheapest of several that I have investigated including TDW, GW, PDC, RDC and possibly even ALY. The nice thing about them is that they are adding new rigs that they are refurbishing which will grow revenue. They have been doing this for quite some time so it will be easy for them to execute. I think that BRNC should be 20-30% higher to be on par with it's peers in the sector. Also, I think the sector is extremely undervalued. I expect this stock to be at least 50% higher sometime within the next year.

Mike

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