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Re: tryoty post# 141482

Monday, 10/13/2008 12:29:38 PM

Monday, October 13, 2008 12:29:38 PM

Post# of 362865
Try, Gandur might get fooled on that one. Most of the rigs are on long term contracts. Rig prices are like gas pump prices, they go up fast but are not so fast the other way.
IMO there will have to be a lot of rigs sitting around to make rates drop.

John
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