TSXV:WEE.H - Post by User
Post by
everswannon Apr 28, 2010 11:59pm
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Post# 17042579
WEE, Offshore drilling ban...
WEE, Offshore drilling ban...
The BP disaster is getting worst:
https://www.chron.com/disp/story.mpl/business/energy/6979467.html
Exxon disaster is still fresh in people's mind. There will be more regulations surrounding offshore drilling.
More environmental rule.
ie more cost related to it.
Remember Schlumberger and Hal growth strategy are around offshore drilling.
They will have to look elsewhere.
Goes back to another WEE catalyst... Takeover from a major / or service provider.
The lower SP remain the higher the odds of an friendly or hostile takeover.
Internal growth story or Takeover.
Blue skies ahead.