The Rising Influence of Rising Affluence

[OakesCS]

i havent paid much attention to RIG for long time. I'm sure semi_inf knows much more than me. All I can say is that they have terrible luck and timing. Around 2010 i remember SLB execs talking up the importance of establishing their equipment on a new fleet of RIG vessels. Then the deepwater business didnt proceed to recover and prolonged oil price weakness has left companies like SLB mired in a position where they have no pricing power for >10 yrs. I suspect RIG's position is similar.