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

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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: gizelle otero who wrote (1169)	2/5/1999 8:29:00 AM
From: gizelle otero	Read Replies (1) of 2282

The CEO of Global said about the same thing when asked about consolidation in the drilling industry during the 3rd quarter conference call. He said that there was no incentive for drillers to consolidate because the cost structure in almost all fixed and there are really no cost savings to be realized by merging two nearly identical entities. Since GLM does "soup to nuts" services, I would think that the possibility of a merger is very remote.

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