re: How GoM Moratorium Affects Drillers/Service Companies
the target price changes seem to be way out of line the changes in eps estimates. looks like citi is using the moratorium as an excuse. deepwater revenue is about 5% for at least one of those companies and probably lower for others. there will be additional costs as i've pointed out previously but citi has changed the stock estimates by >15%. not that i don't think their new estimates are unreasonable; their previous estimates were v. bad.
forecast earnings... i dunno... the equity appears undervalued... based on past performance / growth prospects.
Obama is going to lose big in Nov... actions speak louder than words... he has been unable to pull the country together... that is major @ this point in time.
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