Drilling Rigs..
The answer is no but I seems that if the rigs were run at 25% of the new day rates and made positive cash flow thier ability to make money would be greater.. As for now a 6 month delay in new drilling rig contracts were worth about $65,000,000.00 in extra yearly revs on one rig ship. With the price of fuel doubling to run that ship for the year it leaves $64,650,000.00...Enough for a steak dinner anyway..The leverage is unbelievable and before I sound like a tout,,,,PLEASE Go to The Oslo exchange and pull down the Sea Drill site,,, Then google every name you see as an organization or person on a press release and follow the trail.. I at present just don't have the time until after the Holidays... If you can't,,, go buy BGH.v and you will just have to be happy with a double in short order.. hank
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