AI
Saturday, October 25, 2008 7:09:55 PM
Yep, the Q3 numbers are coming in looking pretty strong. Granted, the market prices in a forward looking way but there was also this part -
"Angeline Sedita, analyst with Macquarie Capital, said even with oil prices between $50 and $60, the economics of deep-water drilling are still attractive.
"We believe this market should remain intact given the long-term focus and large scale of the major oil companies drilling in this market," she said Thursday in a note to investors.
So the analysts are currently seeing activity stay steady for long-term projects such as DDI services.
That comment above was from Thursday Oct 23, 2008 (two days ago), so pretty current.
I am a JOE (plumber or 6-pack, take your pick)
- POWERZONE - a mixture of pattern and chaos
"Angeline Sedita, analyst with Macquarie Capital, said even with oil prices between $50 and $60, the economics of deep-water drilling are still attractive.
"We believe this market should remain intact given the long-term focus and large scale of the major oil companies drilling in this market," she said Thursday in a note to investors.
So the analysts are currently seeing activity stay steady for long-term projects such as DDI services.
That comment above was from Thursday Oct 23, 2008 (two days ago), so pretty current.
I am a JOE (plumber or 6-pack, take your pick)
- POWERZONE - a mixture of pattern and chaos
It seems a bit rough lately.
