Ocean Rig UDW Inc. (ORIG)

[OTCdoc]

over 4 billion in debt...less than 150m in equity....the company has stated they are restructuring...senior secured bond holders will get the assets. Also remember > Highly-levered offshore drillers in particular have mostly exhausted cost reductions and are now tapping the capital markets to avoid longer term cash flow hurdles....so enjoy the ride to zero Nothing is a Great buy unless you are investing pennies and especially with this CEO - do some DD..>>>> And above all be sure NOT to believe anything you read on SA or Cierra for that matter..