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Tuesday, December 18, 2007 11:23:04 PM
I pulled this statement from one of the big boys in the same industry that DDI is in.
http://www.acergy-group.com/public/home
The Market
"The demand for subsea engineering and construction services is expected to remain strong for the
foreseeable future. Today’s $670 million award of Block 15 work in Angola to Acergy signals the
start of the long awaited contract awards for the large deepwater projects in West Africa, which we
expect to see continuing in 2008. Demand in Brazil remains good, with significant developments
improving the potential of this market. The deepwater markets in Asia and the Gulf of Mexico are
expected to continue to grow in 2008 and beyond. While the SURF market in the North Sea remains
stable, with further growth expected in 2009, there is currently no major trunkline work planned for
2008."
Outlook at the SURF (Subsea, Umbilicals, Risers & Flowlines) market for Acergy:
This is a snapshot of the market from a post guidance presentation from Acergy. The link to the presentation is below. This report shows the current market and what is anticpated into 2012. What you can glean from this is that this is a growing market which holds a lot of potential for Deep Down.
![](http://img403.imageshack.us/img403/4851/acergy1yo5.jpg)
Why ACERGY? Well, they are one of the larger companies in the same industry that DPDW is in. http://finance.yahoo.com/q/co?s=DPDW.OB
This is a company that I think is very similar to what DPDW could be a few years from now. If you look at a 5 year chart for the company, they have a steady climb in PPS. Would be nice to see that from DPDW.
http://finance.yahoo.com/q/bc?s=ACGY&t=5y
Good post of an article on technology: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25402937 (credit to Investor100)
From the PR Today, these are the elements that I feel are important.
http://biz.yahoo.com/prnews/071218/latu103.html?.v=101
"We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities," commented Ron E. Smith, Deep Down's President and CEO.
"An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ("LARS").
"With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and "emergency" offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico.
- This is key to the hurricane season next year. Posted by JoeSmith http://investorshub.advfn.com/boards/read_msg.asp?message_id=25409796
And what I feel is the most important
"We also plan to expand our operations internationally," commented Jacob Marcell, Mako Technologies' chief executive officer.
This is crucial as the bulk majority of the growth in the O&G industry will be overseas and not in the Gulf of Mexico. Just look at how Schlumberger (76% of operations overseas) trades relative to Haliburton (40% of operations overseas). Most of the majors in the oil field services industries realize that the international market is the future and where the growth will occcur. This statement by the CEO of Mako is very exciting and shows the company is moving in the right direction. This will also make DDI a more attractive target for the likes of SLB, HAL or even BHI.
Good Post on Synergy thanks to Sage: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25410241
Update from the company: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25403986 (credit to BrekoutInvestments)
Awesome look into DPDW: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25405098 (Credit to Tradeswapper)
I am very much looking forward to what Deep Down will do in 2008 and beyond. I am a long term investor in this company after flipping the shares I bought at .80 during the last run. I am currently in at and average of 1.012 and will be looking to add if it dips but will not be selling this at a loss as I believe in two years I will be very much rewarded.
Good luck to all!
-faz
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