All it will take is a loose tool or pipe clanking together to set that gas cloud off? The most minor spark and it's all over? Whose rig is it? That company is a short with TOT? The rig is history, gone? Even if they surround the rig with booms, how can they get back on it?
There is a huge mobilization of emergency equipment to the North Sea, how long will that be under the radar?
Dunno....premarket is down like 3 bucks....there went all my gains. It's a risky business we're invested in. That said, it seems a gas leak is not as bad as an oil leak, but what do I know? Hey, have everybody step back a few miles and throw a match at it....
This is a very hard and very dangerous business. To think otherwise is foolish and we should be thanking the oil companies for bringing us energy and not vilifying them. You go and try to get oil from a mile down under the sea and let me know if it is hard to do or not.