CLIFFS DRILLING (CDG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CLIFFS DRILLING (CDG)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NCKEV who wrote (448)	8/3/1998 8:40:00 PM
From: VLAD	Read Replies (1) of 474

NCKEV, If I were Cliffs, I would not announce a buy back unless the share price keeps going south towards book value. If they announced a buy back now, it might cause the price to run back up to 25-30 and they would have to pay a lot more for the shares. I am sure if CDG goes down to let's say 16 to 19 and stays there for a long time , they probably would buy back shares. Why don't you call Cliffs and inquire about a share buy back if the stock price remains depressed. The price of CDG and TDW are just a sick joke at this point in time. We may just get some upgrades based solely on the price of the stock and not on the price of oil.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next