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Transocean Ltd. Message Board

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  • simpleawright simpleawright Jun 1, 2012 10:41 AM Flag

    stocks crushed pre-market...

    In respect to the other drillers, RIG is doing very well, go look at SDRL.

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    • yea good thing SDRL raised the dividend and offered a special dividend lol. If you do the math the dividend is bait and not sustainable. In no way are they postioned as well as rig and won't see additions to thier fleet for 2 years not knowing where the market will be then. And they have no cash but are still raising the dividend and paying a special one time dividend? Agressive yes. Smart? heck no. Need a little cash for rainy day. They better hope they don't have a bad Macondo or Brazil day in their future with no cash. Still not a buy in my book

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