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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: tommycanuck who wrote (88679)3/15/2001 4:45:37 AM
From: Roebear  Read Replies (1) | Respond to of 95453
 
tommycanuck,
Feel free to give your opinion anytime for it is most welcome. While we are at it, what is your opinion of the sale of Tesco's underbalanced drilling assets?

To me it seems to make sense. Besides any bucks they need to put into casing drilling, I know from their last conference call that they are building more Top Drives to meet the demand for them. The money from this asset sale should allow them to at least build their TD's without financing.

Tesco seems to run a very conservative ship in regards to their accounting and I like that in a small company.

Best Regards,

Roebear