Their is no way RIG wont pay . . . US Coast Guard ( Govt.) has put most of the blame on their operations and no indemnity agreement will ever stand up against a company's failure to meet or comply with federal safety standards.
Plus as soon as its possible BP and others will start to turn away from them and go with DO or Noble etc.
Other drillers will grow and take market share away from RIG cause who wants to do business with a company who will screw up your field cause billions in losses then blame you and not pay for its screw up . . answer no one!
RIG will come to its senses and will end up settling ( to stay in business) and paying Billions out of future earnings. Billions with a capital B !
Hahah...RIG has the equipment that NO DRILLER has. IF people want to go Deep Water, they go with RIG. And when you breach contract like BP has, you really so dumb to think people will just forget about that and welcome BP? You really think that? IF a guy puts the knive on your back, 6 months later, you invite him over for dinner? Yeah maybe if you are a retard?
As for Federal safety standards, The Coast Guard and every agency cleared teh Deepwter Horizon every year including 7 months before the accident.
RIG better get another accountant or another 50 lawyers, forget about dividends and start paying back taxes. Norwegian, American and Brazilian authorities should just seize their assets and auction them off for taxes. Time has come to crack down on these companies that think they can get away with anything.
this post is too stupid and so full of chit that it will persuade no one. this weeks price action will help you interpret the latest news and its import. see you all on this coming friday when i expect rig pps to stay mid seventies or higher.
What do you think you are??
..a professional lawer with proven success in the industry?
...insider of the hedge fund community?
So try to judge the kindergarten sand, might fit.
***Coast gard is paid by hedge funds to dumb the stock a bit.
***RIG will pay nothing the next 3 years
Coast Guard report is pieced together after the fact... after the rig blew-up and sank. The report is based on interviews and comments by surviving employees and BP operations staff in Houston... and as such is subject to interviewer's interpretation and conclusions.
There are NO hard facts [or smoking gun] to prove what is concluded in the Coast Guard. It is all hearsay and subject to differing opinions and conclusions.
"Their is no way RIG wont pay . . . US Coast Guard ( Govt.) has put most of the blame on their operations and no indemnity agreement will ever stand up against a company's failure to meet or comply with federal safety standards."
What were you thinking when you wrote that?
If the company or the rig failed to meet or comply with federal safety standards... then why was the rig still in GOM water operating? Why wasn't the rig shut down and sent home to dock?
There are other factors that the will effect RIG pps... Coast Guard report will not the one in mid to long term. Here's the link...
Yes, in the short-term the pps would suffer to some degree.