SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Big Dog who wrote (25803)7/15/1998 7:27:00 PM
From: Elmer  Read Replies (1) of 95453
 
Big Dog, regarding VRC, I thought it was very interesting listening to GLM on the conference call talk about buying additional BOP systems and risers to have on standby. They talked about how essential this equip. is in the deepwater. They also mentioned the huge loss revenue from these deepwater assets not being in working mode and that by having BOP's and risers on standby, this risk can be somewhat alleviated.

If I am not mistaken, VRC has a rather large market share position in each of these products. Just think of the upside potential if the drillers decide on buying additional BOP's and risers for backups for all of the deepwater newbuilds.

I wish I would have listened to your advice and bought a couple of days ago, but I still might, as the upside seems huge with volume increases and potential pricing increases.

Thanks BD for the work on the newsletter,

Elmer
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News