CLIFFS DRILLING (CDG) Message Board

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Gold/Mining/Energy : CLIFFS DRILLING (CDG)

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To: VLAD who wrote (451)	8/4/1998 7:47:00 PM
From: Sam2482	Read Replies (1) of 474

I agree with you VLAD on the number of rigs, but our technology is greater now and so is the efficiencies. Therefor we need less rigs today than ten years ago. I wouldn't want them to stack the rigs...no revenues.....I say they need to enhance shareholder value by consolidating....cut overhead, stabelize rates ( without colusion )and bingo...we get a decent p/e on our earnings!! There our fewer banks today than 5 years ago and they are still consolidating. There was a rumor on GLM and that stock ran up a few months ago....but came back.The Telecom industry is consolidating too. Cliff's should be at least $40.00 now. Just my take. It is frustrating.

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