GE in last quarter's CC said it would be done by year end. Due to market conditions I guess he will keep it on the balance sheet for a while. OK with me as Transocean's most recent deepwater contract set a record. O'rigs earnings would be a plus considering the state of the spot market (bdi) compared to drys daily operating cost per vessel of 15k.
Dog is becoming a speedster...has lots of suiters. Not posting as I am sitting on my $35/1/09 calls ...60 of them and wondering how i made such a terrible mistake. Almost gave back all the $ I made on drys in 07. Kind of makes you do other things like I now paint...shoot pool and drink a bit more. Look up ras pfd c @ $7.00 and pays a $2.25 div. nw in the $12.00 range...have loaded up and willing to wait the 18 months till it gets back to 25 bucks.