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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Velocipher. who wrote (10925)2/7/1998 9:48:00 AM
From: Big Dog  Read Replies (2) of 95453
 
I don't think UFAB would fit into the FGII line of business. My understanding is that UFAB builds topsides and platforms. FGII doesn't do this. FGII is concentrated on rigs, barges, etc. I expect the acqusition would be of some company that either expands shipyard capacity or a company that makes some key components that rigs use, like jacking systems.

I would not expect, just my feeling, that FGII would jump off into another line of business that is as unrelated as UFAB. But as any good politician would say...on the other hand, maybe they would be inclined to diversify and not be as totally dependent on rigs. There is alot of business left for the platforms and topsides. This sort of work comes AFTER the drilling in order to exploit and produce the discoveries made by the drilling.
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