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keekee

09/01/15 9:59 AM

#1514 RE: lmatt #1513

I own about 400k of this...but I just trade about 80k for $$200-$400 while waiting for the big move. I'm surprised someone will always fill me up at $0.065/66 and buy back above $0.07
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seven-up

09/01/15 10:05 AM

#1515 RE: lmatt #1513

Till they do something with all the rigs they have stacked and no new contracts being given, it is going to be a hard road for them. The other problem is most all their rigs are 35 years old, hard to figure how bad management was to be in such problems with all the junk iron, that should have been paid off long time ago...

None of the major oil companies want to use old junk iron, when new top of the line rigs are available at the same day rate.