Monday, March 19, 2007

Oil rigs being bought

Todco (THE) is being bought out for ~15% premium.
I've mentioned the inevitable merger among these drillers. (I was disappointed in DO because it withdrew itself from being both a target and a hunter.)

This creates a tasty bounce in the price premiums for these companies. There will be others

1 Comments:

Anonymous Anonymous said...

can you comment on the HAL earning result and the outlook ? thanks

9:52 PM  

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