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To: upanddown who wrote (85658)1/30/2001 11:47:38 AM
From: Malcolm Winfield  Respond to of 95453
 
Thanks John

I agree completely. FLC has been giving the same excuses quarter after quarter. Rig & FLC are a match made in heaven. They'll hopefully succeed just on economies of scale. But, I'm certain that next quarter something else will hold them back because of the FLC acquisition and so on. It doesn't seem like anything new. It seems like the analyst community has factored most of the delays into the current price and earnings expectations.

Malcolm.



To: upanddown who wrote (85658)1/30/2001 12:08:46 PM
From: isopatch  Read Replies (2) | Respond to of 95453
 
Was. But worth posting again.

Excellent article, particularly in terms of understanding some of the factors that have impacted profits in Deep Water work during the past year or more.

Longer term however, agree with the Dog that that longer term the outlook is a bit better than the article might lead us to conclude.

Isopatch


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