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Posted on 12/21/15 at 2:45 pm to Grits N Shrimp
quote:
Why SDRL? Debt is going to weigh heavily on them in 16
Anyone with thoughts on this, I'd love to hear. The market seems to think they aren't going to survive this.
I read an article in Barron's that was very skeptical about offshore drilling's future. I read a COP vice president saying they got out of that business because it takes about $75 a barrel to earn a profit, once you count in permitting and failed wells.
Genuinely curious of what others think on this.
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