Folks Get off the sinking boat. Time to switch out to Seadrill(SDRL) the new top deep water driller in the world. Check them out!! The newest and best deep water rigs in the business. Deep water is still a great business and the world needs the oil that is locked in these deep water deposits. RIG has blown their lead, they are now a second rate driller. Face the truth; or as the song says "the cold hard truth".
Good luck on your RIG but go to a sure thing SDRL.
Some shorts definitely made some money today.....but the results while being bad are not going to do the company in. Produced good cash flow from operations all things considered. tutes that are underinvested in the market will buy RIG at these prices and hold for the next 12 months.