RE: RE: Short position @ Dec 15/11Book value is clsoe to
.53 per share so hopefully any offer would be much higher than 90% of book. Most drillers are trading close to book other than SVY which is at a signficant discount.....but have lower margins than TDG and the others, which will hopefully improve over time. Important point is that all drillers cheap cheap cheap right now. I think most oil companies are expecting to increase capex budgets in 2012 by 10-20% so things should be only be improving for them.