I want all oilfield companies to make it, It hurts a bunch of people in the area I live in, plus my son works for Seadrill and a bunch of his friends have been laid off.... You are right they are going to try and push it as hard as they can, but if the rigs are not working, the cash flow is not coming and you can only reduce employees to a certain point. They want to get out as soon as they can, not sure how long they will wait for it to turn....
Hope all make a killing off Hero
Vantage Drilling I think is fixing to file, they have opted the grace period on a $40.5 million interest note payment till Dec. 5 on a $1.5 billion loan.....
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