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: SliderOnTheBlack who wrote (45760)	6/2/1999 10:31:00 AM
From: Think4Yourself	Read Replies (1) of 95453

I am not at all surprised by the exchange rate. FGI management has negotiated excellent deals in the past, and I have not heard of any complaints from their partners. Their purchase of a working shipyard for one dollar was especially impressive. I am concerned about one thing. What will bringing HLX up to FGI's standard of operating and financial excellence cost?? Will it be immediately accretive or will the bottom line get killed for the next year? I suspect the latter due to yard closings/layoffs. Also, are union laborers involved??

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