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Re: Traderfan post# 84421

Tuesday, 01/20/2009 6:34:02 PM

Tuesday, January 20, 2009 6:34:02 PM

Post# of 107353
DPDW business is just fine and is even flourishing despite the current price of oil, from what I hear. Not surprising when you think from the perspective of oil Co's investing in deepwater E&P projects - they tend to take a long term view and are not as affected by the daily fluctuation. True - the current situation has given pause to some projects in the industry but unfortunately when demand fires back up again, it's not a tap that can be switched on and off readily. Mexico using this time to catch up on deepwater in the GoM.

Sage

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