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we should have a town called F**k and Run, LA
Sulphur, got any screen shots of Edouard? Should be all over Channelview at the moment.
PHI and Air Log are busy flying tonight http://www.phihelico.com/Default.htm
Brikk, thanks, and can you shed some light or your thoughts on how those numbers break down by monthly buy versus sell volume? Is there a chart that would show that for the MMs? Can you help the rest of us rookies ID the MM's acting for shorties. I assume your chart shows only volume of shares traded, not how traded, nor how acquired. That would be nice to know. Safe to say alot of those shares sold through certain MMs were not acquired on the open market, I assume from recent discussions. TIA
thank you spec.
very nice job, joesmith. impressive. thank you.
Are we talking oil/gas production platforms here? If so, I'd say it's a big stretch for any of DDI's companies to do that. Maybe we could supply some components or some installations, but we can't build that kind of platform, at least not the kind I think of when I think of O/G platforms. Big fab yards with huge cranes typically do that stuff. Check out J. Ray McDermott, for example.
metal, mark from me, thanx for the pix!
thanks joesmith!
back from vacation, ready to go!
metal--uploading photos--i've found the easiest way to do it is to click on "other" at the top right of the page, then just do what it says.
That's the most bullish I've ever heard Haag, I do believe. He seems pretty comfortable giving his personal view, and even though everybody has a disclaimer these days, that's a pretty darn bullish thing. We should expect nothing less than for mgmt to aggressively defend itself and its company, of course. But it looks like Steve is willing to put himself rather out there, and that's bullish to me.
Do you think that's a LARS being built with that big iron?
Is this kind of stuff also done on higher exchanges?
Must be nice to be a fish so big you get to buy stock at your price. What was that George Carlin (RIP) quote? "Corporate America, it's a big club and you ain't in it."
Me to Sand. Beautiful theory Fred. Thanks for your contribution to our great board that Brikk, Joe, Sage and others have carefully built and gracefully guarded. Your dollar limit selling certainly is as good an explanation of Friday's chart as I've heard yet. And the action coinciding with the PR is a plausible explanation for your takeover theory, whether it was known or unknown by mgt. If it was known, it would be great if they let us shareholders know what went down, but I don't know if that is the norm, and it may happen more than we know (maybe without tell tale signs). If it was unknown, then of course the proper response would be to neither confirm or deny. At any rate, I think we'll be heading back up soon now that whatever it was is in the rearview.
Well, that's sort of a shame if they wouldn't confirm fred's theory, if it were true. That we would be in such demand would strike me as bullish, but what do I know. It certainly would be no surprise that we would eventually be an acquisition target, one way or another. The poison pill is bullish to me too. Maybe we'll get an explanation eventually. They've been rather transparent to this point, and Friday's action was abnormal enough (million in flat volume) to qualify as a legit question from stockholders. But what do I know. ;)
First, great post Rhino. Post of the day.
b.s. 1.21 again (yawn)
so was that what the SLB guys were doing at our shop a couple weeks ago? were they there to have the proteus shipped? have we been storing the joides proteus all this time until a couple weeks ago? or did they bring it back for some tweaking prior to shipping to singapore? anybody know, or can yall tell from JDS' joides minutes?
ibox is looking great guys.
wow, check out this roll up strategy
http://articles.moneycentral.msn.com/Investing/Dispatch/20080611InBevBidsForBud.aspx?GT1=33002
Up a dime a day. We had alot of days like that leading up to October last year. Ah, those were some heady days. ;)
no, it won't ;) imo.
one might also assume that Ron & co.'s plan was to be on the big boards well in advance of the 2 year anniversary, thereby dampening any effect with liquidity.
another sign we're moving into the big leagues: today is the first time I've ever seen ddi covered in the ods-petrodata newsletter (June 9, 2008 weekly edition), noting the pp and flotec closing.
TH, I don't see where we differ. I said it was not a zero sum game. I didn't comment on prospect's prospects. We have left them, regardless of how they benefit in this non zero sum game.
It's not a zero sum game. Everybody won. And now Prospect is left in our dust.
IF that were to happen, and at this point opening FL and ANWAR is still a big if, it would be another one of those double-edged swords. Maybe more work for us, but also the risk of cooling off the deepwater market a bit if large areas of shallow water oil get put on the market. Keep in mind that DDI has products and services in Mako and EW that would still be in demand in constructing platform and rig fields, like instrumentation and oilfield rentals. And FL may begin in relatively deep shelf areas -- not ultra deep, but probably not close to beaches and deep enough for sat rental (which Mako offers), and if it is deep enough for sat, ROVs are still useful (again Mako). EW is still in play with rig and vessel instrumentation and processes. Plus, it will all still take time to develop, leaving deep water in play. Finally, it is widely held that deep water production remains profitable as long as oil is higher than $40 or $50 per barrel. Even if FL were opened up tomorrow, I don't see oil coming back to those levels for some time, if ever, as even those reserves probably won't make that much of a dent in demand. Just my thoughts, I could be wrong.
seems like only yesterday $60MM in revs was being batted around as a very good '08, with a few hushed whispers of maybe they might even do $80MM. wait, that basically was only yesterday. then we did flotec and got $18MM in revs before and during the ink drying. hard not to get carried away, but i'll stick with the early estimates and hope to be pleasantly surprised when they overdeliver, again.
excellent post nsomniyak, enlightening to neophytes like me.
hehe. one man's dilution is another man's liquidity.
was it the same with the Ironman Energy PP? i must be getting 1 year from some insider transactions i remember. thanks for the correction. it's even more bullish than my mistake!
We'll see soon enough, but if the past is any indication it will be 1 year, imo.
Littlefish, if someone gave you cash, you'd say "yeah, but inflation will make it worth less soon." Dilutive? If only all companies diluted this way, with $40MM in restricted shares sold to institutional investors. Basically, DDI did just what you wanted them to do. They got financing way better expected, and got a $40MM institutional investment to boot, and all you can say is "dilutive." Why are you here? If they reversed, I guarantee that you would be saying how bad that would be, but I, like Hank, would be disagreeing with you again. I agreed with you on the crappy Prospect terms. But they remedied it. If you can't bring yourself to buy now, you won't. So why torture us, and yourself?
bye bye Prospect. Yippee.
man, i love it when someone is trying to bash it lower and gets coldcocked by another $9mm pr. Hahahaha. Today is a case study in why you need to know your dd before popping off at the mouth. This ain't retail no more, that crap don't work no more. Anyone else here think Steve knew exactly what he was doing with the first headline today??? Hahaha.
yep, just shuffling the stock into smarter and stronger hands.
flotec deal closed today !
That's nice to see. I wonder how many other similar sites are touting us on their "radars." Might be a good heading to put in the ibox, with a link and quote from each, and see how many we can tally up.
This is such a high barrier market, and if you're good enough to not only find, but exploit, a crack in it . . . Well, let's just say that the big boys want nothing more than to stay big. And while they are so big they don't view us as a threat, they also know when it's better to buy value to keep or grow their position, just as our team does. Demand for us, one way or another, is bound to grow.