issue more shares would not be so bad with stock price where is as long as they add rig I have no problem with it.
sell stake in archer, sevan, north atlantic drilling, seadrill parnters, asia offshore drilling.
drop down rigs to daugters, especially after north atlantic ipo. drop over rigs to ship finance if need be.
higher loans are not coming anytime soon. we will continue to see historically low rates.
there is some softness in sector ill agree. but I feel the young fleet should shield them from falling rates. and new developments like mexico opening up to outside companies should provide some demand.
I think SDRL has an eleven figure backlog at present......that's why JF can get the financing he needs
to biuld out his fleet of 7th generation UDW semi & drill-ships
Banks also see that global GDP is expanding, not contracting....this means more demand for crude
and nat gas in the decades to come.
UDW crude E&P is NOT an USA issue its n Asia, India, European and Japanese issue.
USGOM is hot for UDW now, but in 10 years Brazil, Mexico, West Africa, artic Russia and
SE Asia will be in full swing will huge UDW E&P projects too.