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re: Anyone buying RIG?
Posted on 2/25/15 at 10:46 pm to offshoretrash
Posted on 2/25/15 at 10:46 pm to offshoretrash
quote:
I'm not sure how all this is gonna unfold.
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.
Posted on 2/26/15 at 7:11 am to cave canem
Been downgraded to junk status.
Just saw on ticker on Good Morning America.
Just saw on ticker on Good Morning America.
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