InvestorsHub Logo
Followers 88
Posts 20609
Boards Moderated 0
Alias Born 06/16/2006

Re: Technopoly post# 103452

Thursday, 06/21/2012 3:46:57 PM

Thursday, June 21, 2012 3:46:57 PM

Post# of 107353
Granted, Tech, lower crude prices probably indicate smaller margins for deep-water suppliers such as Deep Down, but drilling will go on regardless of the price of crude at the moment because of world-wide demand.

As to the welfare of Deep Down and the price of crude, you cannot rewrite the historical reality that Deep Down's share price was 180 degrees out of sync with the huge increase in the price of crude in that big run-up. Perhaps the opposite directions can be attributed to a management that could not figure out a way to take advantage of that glorious period.

IMO.

Trueheart
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent KLNG News