DC did say the contract was worth that much money... I thought it was $120M...
How can I be upset at DC if I don't have the facts? SLB and ERF are negotiating or in arbitration... whatever, one side thinks the other side did something wrong or is owed money for some reason... that is all I can conclude. Once the problem is resolved, we better be updated so we can understand what was the problem and what the future holds.
If SLB was selling the division all along, my assumption is that they were bogging ERF down while they were finding a buyer... so does ERF owe them damages/money or does SLB owe ERF? That is the big question. Could a "reputable" company like SLB orchestrate a plan to bury ERF in shorts and nearly zero revenues in order to avoid holding up to there end of a deal? I want to believe that ERF is going to come out ahead when the dust settles but until then I can only speculate. So who is shorting and why? Is there a connection?
Is there a way that Harris has the contract now, but can't do anything with it until SLB and ERF settle their differences... it would make sense but I have no proof.
A1
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