Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lucretius who wrote (14604)	3/12/1998 12:57:00 PM
From: bw	Read Replies (2) of 95453

LT..I think the "big news" is from that Dog Feller. No decreases in day-rates for CDG. Now, as for the valuations of FLC vs. NE <g> Shouldn't even be close...FLC's fleet is far superior to NE's, both in number and make-up. Their combined mgt. [2 MBAs] and current new-builds underway [all with contracts from the majors], will provide a powerhouse that already comprises the largest offshore fleet in the industry, with more deepwater drillships than any of the competition. Where is NE going as far as consolidation and future growth? Seems like a more conservative company that could possibly limit its potential, with this approach.... Now I open myself up to "your flamemanship" <g>

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