Global Santa Fe (GSF) (formerly Global Marine) Message Board

STOCKTALK

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 : Global Santa Fe (GSF) (formerly Global Marine)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lisa A. Grabenbauer who wrote (1141)	2/2/1999 8:31:00 PM
From: stockid	Read Replies (1) of 2282

To answer your question.....To: Stitch (1140 ) From: Lisa A. Grabenbauer Tuesday, Feb 2 1999 7:47AM ET Reply # of 1150 Does anyone have an idea why RIG's stock price has held up so much better than GLM's over the last year? Do they have longer term contracts? Answer...RIG is a deep water drilling company. While GLM has most of it's rigs in shallow water submersibles. GLM, does have some deep water drilling platforms. But, RIG is the industry leader in deep water drilling with Diamond Offshore second. Deep water rigs have a longer contract for day rates. Also, a much more lucrative contract. Industry analysts as well as industry exec's....beleive that deep water drilling is.... 1. More profitable...which it is spelled out above. 2. The new exploration spots are where? Deep Water. 3. Last but more importantly, Deep water is harsh and unruly...thus rates and exploration cost more... SK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next