Silicon Investor (SI) -- The First Internet Community

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

To: chuck weir who wrote (21609)	5/7/1998 8:18:00 AM
From: Bazmataz	Respond to of 95453

<<A Santa Fe spokesman declined comment.>> <<,Global Marine didn't return calls. >> See? These are the kinds of comments I like. I prefer this to a denial. Thanks for posting the article. That's why I love this thread. Don't think I would've found that otherwise. Baz

To: chuck weir who wrote (21609)	5/7/1998 10:22:00 AM
From: SliderOnTheBlack	Respond to of 95453

Global Marine Buyout - would new CEO have taken job in face of buyout ? Personally, the only reason I'm still holding my GLM is due to the possibility of a buyout. With the former D.O. CEO coming aboard, I had my finger on the sell button, as I did not think he would come on board as top DOG, only to become non-top dog so soon ...? I agree entirely that the fit is a no-brainer and all Investment Bank Companies have been preaching on the coming consolidation in this Industry. Cost saving synergys and Global diversification in the potential continued decline in crude prices; just might be the smartest move to increase earnings in the current crude price enviroment. My brain says sell GLM, 1/2 of proceeds into CDG on any weakness and 1/2 into low PE land drillers as they have to be near their bottom... but; my ''gut'' says sell other deep drillers like NE & DO and put proceeds into GLM and play the takeover speculation. Downside is minor; short term GLM may indeed outpace DO & NE , as GLM has been lagging. If no buyout transpires, I can all ways shift back out into a more diversified deep driller position... Thoughts anyone... how likely is a buyout of GLM? How did the recent GLM insider selling play into all of this ? Would a longtime CEO leave DO to come to GLM, only to be bought out so soon ? Emotion vs. logic & gut vs. brain - the eternal struggle continues ...