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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: drsvelte who wrote (23738)6/10/1998 12:47:00 AM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
HLX; ...move over FGII ?

drsvelte; thanks for the link. I had forgotten the deepwater nature of these prior contract announcements - no wonder HLX outperformed FGII by over 25%+ in the last 6-8 weeks stockprice-wise (5% increase vs. 20% decrease) in the recent sell off.

Not many more bullish statements by CEO's recently;

''The announcement was made by John Dane III, chairman, and CEO of Halter and Don Covington, president of TDI-Halter, who said, ''These are the first new semi-submersible rigs to be built in the United States in over 15 years. The fact that this experienced group of rig owners chose TDI-Halter to build these rigs demonstrates the confidence they have in our capabilities. With the signing of these contracts, TDI-Halter has nine new construction projects in its rig backlog; six drill barges, one jack-up rig, and two semi-submersible rigs. The combined resources of Halter and TDI-Halter are unmatched in the industry, and we believe that the combination makes us the premiere drill rig contractor in the U.S.''

...after FGII's strong showing today and re-reading this link concerning HLX's back log of deep water projects - I'm going to sleep well tonight, being long on both; ... probably only to awake to $12 oil....
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