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re: Anyone buying RIG?
Posted on 2/24/15 at 3:24 pm to Ole War Skule
Posted on 2/24/15 at 3:24 pm to Ole War Skule
Rig should be avoided at all cost right now IMHO.
They are the least likely major drilling contractor to survive. Transocean was having a cash flow problem before the downturn. Now if you think the assets are worth enough to give it a shot as a buyout target go ahead. This is the most likely scenario that I see happening.
They are the least likely major drilling contractor to survive. Transocean was having a cash flow problem before the downturn. Now if you think the assets are worth enough to give it a shot as a buyout target go ahead. This is the most likely scenario that I see happening.
1
Posted on 2/24/15 at 3:27 pm to cave canem
I don't understand why the deepwater drilling companies got hammered so bad. The deepwater is the most static of oil and gas fronts in the US. I don't think the rig count has changed much, of at all
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