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Re: Traderfan post# 87417

Monday, 03/23/2009 7:21:31 PM

Monday, March 23, 2009 7:21:31 PM

Post# of 107353
There is no maybe involved in that statement, DPDW is creating and fulfilling the circle of complete subsea services and has plans to take the next step when appropiate as well.

They didnt go from an 8 million dollar company to a 35 million dollar company in 2 years based on flotec, as a matter of fact and I emphasise the word FACT, the delba contracts were given to DPDW not to flotec.

Flotec is a great company and completes just one portion of what DPDW will be.

Without the one time charges involved, all FOUR companies would have been profitable as well as the company.

For the record the profit margins are also much higher on ROV services , and when your company(dpdw) has goals of supplying an ROV/crew on every rig, the ante grows quite large .

No matter what you may think the largest profits come from SERVICE, the more subsea SERVICE we do the better.

The core along with mako anbd E.W. HAVE MUCH POTENTIAL
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