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Re: slimpickens post# 90462

Wednesday, 05/27/2009 1:07:46 PM

Wednesday, May 27, 2009 1:07:46 PM

Post# of 107353
I agree with you that Flotation was a coup. DPDW has done a great job cleaning up the balance sheet, but the share price will languish until the income statement shows some black instead of red. That is not entirely their fault but due to the economy in general and the canceling of projects by the majors. The spending in 2009 on oil related development projects is off by 21%. Just think where we will be when spending increases in offshore development like it has for the previous decade.

As long as DPDW continues executing their long term business plan I will continue to hold.