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Friday, June 06, 2008 3:24:05 PM
Somehow with the management that is in place, I don't think that they are "overwhelmed with the confusion of audited financials and more acquisitions."
Just a little info on the CFO for DPDW from their website:
Eugene L. Butler, Chief Financial Officer. Mr. Butler served in various capacities as a director, president, chief executive officer (CEO), CFO, and chief operating officer (COO) for Weatherford International, Inc., a $2 billion multinational service and equipment corporation serving the worldwide energy market, from 1974 to 1991. He was elected to Weatherford’s board of directors in May of 1978, elected president and COO in 1979, and president and CEO in 1984. He successfully developed and implemented a turnaround strategy eliminating debt and returning the company to profitability during a severe energy recession. Mr. Butler also Expanded operations into international markets allowing Weatherford to become a major worldwide force with its offshore petroleum products and services.
Eugene Butler is a super heavyweight in the oil services industry and I highly doubt that he is at all phased by the recent acquisitions and financing.
-faz
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