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it is trading at a p/e of about 9 on 98 earnings vs. an industry average of 18. unless oil drops to below 16 dollars a barrel, capital expenditures from the big oil companies will remain strong. it has a predicted 5 year growth rate of 20 % which means it is both a value and growth play, anyway i got some at about 45 and will hopefully be well rewarded in 3- 5 years. besides everyone i've spoken to raves about the management.
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