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Cal Dive International Inc Message Board

  • fido399 fido399 Jun 3, 2010 10:28 PM Flag

    Misinfo about Gulf of Mexico drilling permits

    Mineral Management Services division of the Department of the Interior issued a hasty statement that they were suspending all new permits in the Gulf.

    Today the MMS issued a correction of their previous anouncement saying that shallow water permits are still being issued under normal conditions.

    You can read the full article on both msn.com and NewYorkTimes.com, but the most interesting part of this is that Wall Street traders are scrambling to analyse this and
    separate the wheat from the chaff.

    BP is dragging down the whole sector.

    From last earnings report P/E is still very low @10 so I still consider it a buy.

    GLTA

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