Thursday, July 17, 2008 8:06:50 PM
The Rigdon deal really changes the game for GLF. It is my opinion that Rigdon was in a bind to sell because of the Jones Act issues of foreign interest in US vessels and he (Larry Rigdon) picked the operator who could add the most value to his visionary company going forward.
GulfMark has
a)The $$$ to make the deal
b)The expertise in managing the high-specification PSVs
c)A similar vision for PSV operations in harsh/deep/distant locations.
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