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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: jim_p who wrote (12524)8/26/2002 7:07:00 PM
From: aerosappy  Read Replies (1) of 206223
 
PeeeeGoooooooo_jim,

<<Next comes the new CEO who will further restructure the company to reduce costs. With over 5000 employees and offices around the world, there is lots that can be done to reduce operating costs. My guess is once the results begin to show up in the financials, you have a 5-8.00 stock sometime in 2003.>>

Your analysis is on the mark.

Do you think that part of the new CEO's restructuring may also include the sale of PGO's seismic business to VTS -- perhaps for 20 million shares of VTS????

VTS was willing to issue 40 million shares a few months ago, and following such a merger VTS would have been saddled with the FPSO assets and debt.

VTS buying the PGO seismic operations alone will help rationalize the industry, and allow Umoe to focus on what it knows best -- shipping -- with the remaining PGO business.

Of course, this assumes the successful sale of Atlantis.
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