re: Anyone buying RIG?

quote:

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I'm not sure how all this is gonna unfold.

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This is a showdown over market share and an effort by the Saudi government to demonstrate that supply should be limited by producers to the level of demand. The idea of Drill Baby Drill built these rigs and the oversupply, we may not return to that level of exploration for decades. Couple this with the amount of new builds steaming out of shipyards over the next few years and times may get very tough for deepwater drillers soon. JMHO

The original topic was about Transocean (RIG) and I stand by my comments as my best answer to the OP.