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: Thomas J Pittman who wrote (21972)	5/13/1998 10:16:00 PM
From: Big Dog	Read Replies (1) of 95453

The "problem" with Santa Fe is the large share block owned by Kuwait. This makes analysts nervous if these guys should decide to sell one day. I met with Santa Fe in Dallas a month or two ago and they mentioned other problems having this Kuwait ownership...but I can't recall the rest of them right now. The company has no debt. Their strategy is to only go for top line, high end equipment. You won't see them with any junk. I expect they will be building a jackup or two in the coming months. big dog

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