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This is turning out better than I hoped. We could actually realistically see ourselves as a major (and I mean Major) company holding technological superiority in this field, as others have done in the different eras of O&G. The ultra deep era could be ours. Surely the other majors are positioning themselves too, but our team could launch itself into their ballpark. I suspect a major will be throwing alot of money at us one day if this keeps up. There are worse problems to have.
First JOIDES, now JUPITER. DDI=cutting edge.
oh yeah, great website.
Unbelievable. Subsea on Jupiter's moon. Aside from the very real buoyancy market here on Earth we get with Flotec, the technological side-effects of being involved with this NASA project could be huge for our cutting edge subsea position. I bet this aspect of Flotec had a really satisfying edge for Ron. The oil world is going to ultra deepsea, and that Jupiter AOV technology could be a big future player in our own oceans in the quest for oil. Wow.
Thanks Buddyro, I knew you was feelin me. lol.
et tu laurap? sheesh. i agree. (some people do harness wind and solar power, though not our point) :)
Thank you. :)
Trueheart, I have always accepted that things are not under our control -- hoping, praying or otherwise. I'm not sure what it is about my posts that have people thinking that I think hoping or praying has any effect. My point is only that we don't need storms to be very successful, though gravy is nice, and that they are double-edged.
I thought I was being clear, but in case I wasn't: My post wasn't directed toward you. I know you don't hope for hurricanes, and yes they happen regardless, and yes the extra money is great. Just nice to know we don't need them, and we'll make that money in the end anyway. Sometimes some folks (not you) forget hurricanes can be very sharp double-edged swords. Yes, we benefitted from Katrina and Rita, as did many other businesses that weren't located in New Orleans and Lake Charles (and even some that were). Had either of those storms been a c-hair to the west, they could have hit Morgan City and Channelview a month apart, and in that case I'm not at all sure our stock price would have had the action some folks are expecting from hurricanes. Now, having said that, the odds of that happening are miniscule, and even if it did I'm sure we are more prepared than ever to not only handle it, but profit from it, handsomely. Hurricanes are a profitable part of our business, and they are part of life in the gulf, but we'll be profitable, storms or no storms. That's all I was trying to say. It's similar to the oil price issue. We can't control that either, but some folks just don't seem to realize that we don't need it to keep rising for us to be very successful, and that such rising carries its own different double-edged sword, which is a different topic. So for the folks hoping for hurricanes, hope for the kind that come into the gulf and go back out without making landfall :)
A word regarding hurricanes. Mako has plenty of work without hurricanes. Although hurricanes do provide somewhat of an increase in work, the money is not due so much to more work as it is to the increase in the COST of the work. Call it the priority premium. Companies pay more to be serviced quickly after storms. Other than that, we don't need no stinkin hurricanes. It has already been well documented that aging infrastructure will be providing more than enough work for the foreseeable future. Yes, it is nice to be a company that profits from storm damage when it happens, but it is not something we need to depend on in any way. Down here, we call that lagniappe. Something extra. Bonus. The other thing about hurricanes is we have to worry about our own companies and equipment and families having to dodge storm damage too. Think about that next time you're hoping for a hurricane (not you in particular Brikk;)
1.08, very nice.
sounds like a good hunch, jds. i'm with ya, until we hear something different.
Oh well ...
here we go!
Saaawwweeeeeeeeeeeeeeettttttt!!!!!!
is this thing going to float? or is going to sit on top of a structure like the one seen in the farground of the subsea picture that we've always had in the ibox.
to be fair, it does appear the new and improved website is heading in that direction, with a photo and caption for every major job hopefully the end result.
so, the anode sleds we saw were for something different, like to slide under a pipeline? or were they just for stacking anodes to be used individually later on a project like this spar? impressive either way.
Joe and Sage, awesome work, truly unbelievable DD, and proof again this is both the best company and best board around. Your work is proof that photos should be included on PRs for investors! I'm sure subsea oil industry insiders knew full well what the PR meant, but your DD really brought it home for the rest of the investing world. What an eye-opener. In the future, our IR dept might want to consider posting such photos on the company website with a caption referencing the PR, for the sake of investors who go straight there and not here. Luckily here, we have you guys, and everyone else who does such great DD.
i was thinking maybe we should buy fugro next. ok, that was a joke, surely they're too big. more rovs would be nice though.
thanks bud/joe, all the best.
MK
welcome taby, good luck.
hello dollar, nice to see you again.
is the latest pr about another tv show featuring dpdw, or is it referring to the one we already saw?
I sure hope you're right. Call me contrarian, but I'm buying on this news.
Thanks Hank.
Ok guys, make sure I have this right. Yall may already know this and have moved on, but:
Petrobras has effectively cornered the market on deep drillers and FPSOs, making Exxon and Chevron basically squeal for very few leftovers. And . . . now we know that DDI is in with Petrobras via FT and it's PBR vendor certification. I may have to reread that again, just to let it sink in. That is a MOUTHFUL of big bullish news for us. Huge!
PLUS (there's more):
a. we would have hit DR's projections if a customer would have taken delivery of a product that we stored for them and the paid for, but for our system that books the payment at time of delivery, AND (there's more) (and btw, our actual revs were up 200%)
b. DR can no longer do our stock analysis because of conflict of interest when a part of their company (like, maybe financing!) is doing business with us.
HELLO! Are you still there? Have I got all this right? If I do, this has been the most bullish DD ever produced over a weekend since I've been here. What worries?
Indeed. And that last promise that they barely missed wasn't even their own promise. That was DR's projection, not the company's. DDI has never yet failed to deliver on a promise.
Great DD Trumps FUD! That's today's headline. Kudos to Brikk, Spec, et al. Outstanding.
i'd like to give credit to one or two posters who, in the last week or so, repeatedly stated their belief that ddi probably would not quite meet the DR projections. but i can't remember who that was. kudos to you, whoever it was! sage, i also agree that more ROV's would fit in nicely with the company plan, and that could be one of the moves going forward. as for the Q, from what i'm hearing from yall, we should not be disappointed, so hopefully we won't see much irrational banging on the pps come next week. i sure wish everyone, including the analysts, would do like ddi and underpromise and overdeliver!!
good point.
brikk's post while mine was pending addressed my query, though i wish we could know with more certainty. regarding your opinion, i don't think i can agree with that since the publicly stated mission of this company has always been a roll-up operation. given that, it might be irresponsible of DR to not include some factor for acquisitions in their projections. but again, i don't know..
if the consensus of the board is correct regarding the non-inclusion of FT's revs in this Q, i guess we should we then expect DR to issue a reiteration of 2.5 or a higher estimate. i wish we could get a clarification from DR on what went into their projections. i would like to know if, due to their discussions with mgmt, they were counting on acquisition revs when they came up with their last Q projections. if so, and it is just a matter of timing, that should be made clear to the public so that people are not disappointed for no reason. if that is not what went into their projection, then disappointment may be more valid. there have been numerous comments recently regarding the speculation that DR was not including FT revs in its last projection. it would be nice to know whether they are. from what i'm hearing, ddi fell significantly short if DR wasn't counting on some FT revs in the Q. OR, ddi would have significantly outperformed DR's projections even if FT's revs would have been included, but for bad timing. please correct me if i have this wrong. imo, we are in need of some immediate clarification. maybe Steve could help? and btw, in case there is any doubt, i love this company.
MK
thanks. good eye there locustsuc.
thanks hank, mark from me.
So we have a Mr. Buzzy Geduld, who is president/CEO of a Merril Lynch subsidiary division (Herzog Heine Geduld), as a new institutional investor of DPDW. That could turn into bascially having Merrill Lynch behind us. I smell all sorts of good things here: Merrill itself, new financing leads, big money. yeah baby.
mark from me. thanks.
always glad for a green close, but it sure seems to me that someone has a pretty tight grip on the throttle.
i'll take a nickel a day.
what's the official close?