FPSO'S

[10 bagger]

DPDW... Table Pounder..

I own a substantial position posted on my trading board...Further DD is also avil there and on the DPDW board..

The projection of per/share earnings by an analysts for 09 may seem a little high but I think that they are doable because the FSPO market will ramp up and if they secure more new build ships providing contracts for thier products.. The 08 numbers should start to ramp up with the next quarter giving guidance as to the magnitude of DPDW's inclusion in the new build market.. 08 could be a bit of a stretch if indications are not present in the upcoming qtr.. As of now I look for EBTIA to come in at $0.16 to $0.19 in 08 and $0.31 to $0.38 in 09...These numbers are wide for 09 because there is a possibility of shipbuilding contracts either being delayed or CXL. due to the O&G market outlook 2 years from now.. FPSO's will be immune from any downturn in oil prices as they are storage and processing facilities for oil already in the ground/sea bottom that has been discovered and that need processing..

It appears with the added interest in new build tecnology at Day-rate levels never seen before,, equiping older mid depth with up-to-date technology will increase orders at DPDW,, and the projection's above will fall.. I think 09 could see EBTIA to be $0.42 to $0.46.. I wait for the soon to be released numbers for the current reporting period to firm up this year's EBTIA numbers but since I made the $0.16 to $0.19 projections analyst's have raised EPS projections by 40%.. Hank