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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (61098)2/29/2000 5:36:00 PM
From: BigBull  Read Replies (2) of 95453
 
Slider, re PGO, Actually the more I think about the FSPO's the more I like that part of the business, maybe even more than seismic. I'm not all that clear about this but aren't FSPO's supposed to play a big role in the upcoming development of the offshore field in WA and Brazil? The Dog wrote in the last ODB that he saw definite signs of the WA drilling business picking up. What percentage of that market do you think FSPO's can command? Who is in charge of the approval policy for these things, the DOE?

What attracted me originally to PGO here was those two recent contracts, one with P and the other with SAUDI ARABIA. Getting in with the worlds biggest producer can't be a bad thing, can it? There must have been a battle royale for that contract. The charts of VTS and PGO are starting to shape up nicely as well, maybe a nice rotation play here. I'm going to look this one over more carefully tonight.

Thanks

Bull
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