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Transocean Ltd. Message Board

  • goskiing99 goskiing99 Sep 28, 2012 8:24 AM Flag

    Brazil has basically shot themselves in the head

    They're just too stupid or arrogant to see it. Yet. Day rates will double down there. No sane company will run the risk of drilling for those lunatics without a huge premium. Excellent work Brazil; you've proven you're still a 3rd world septic tank country.

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    • Was in Rio 17 years ago, if the people in that city are representative of all the people in Brazil, then Brazil is a country of deviant degenerates.

    • Like politicians everywhere (see Obama, current EPA), they don't care. It's not about the long-term or the country's welfare, it's about their position and power and influence. If they can order the stoppage of drillling and production and shake down Chev and RIG for millions or billions, they can grandstand to the electorate what a great job they've done against the big greedy Yankee oil companies. Isn't their current president some former Marxist guerilla?

    • So true.......take a look at Jan '14 calls.........maybe 55's (I bought more today)..........if this injunction holds up and those rigs will be proof beyond doubt that the the stock market must be treated as "uninvestible" from this point forward..........dig a hole and crawl in...........but not an oil well!!

10.02+0.60(+6.37%)Sep 28 4:03 PMEDT