I am thinking about the same but I'd like to spin it with different possibility. I think after such a bad time SDRL share holders experienced, which is also a period of shorting aggressively. Both share holders and short folks are at the cross road where SDRL could move either way (up or down). Both side employ the same strategy of wait and see how thing plays out. To me those who own SDRL for long are the ones to stay but those short or plan to jump in just for a quick buck are very agitated. They need to be on their feet all the time otherwise they'll loose their shirts soon. Well, it's two different philosophies, one is looking for an opportunity to invest, the other is looking for an excited game to quench their thirst of living on the edge. JMHO.
The main reason Seadrill & RIG....and drillers moving down is because of Climate Change policy that are coming to kept 2/3 of world reserve where it is now....
look UN's president just visit Greenland.....today...look what he said...
Mr. Ban’s two-day visit to Greenland provided him with an opportunity to see first-hand the impacts of climate change, where the melting of ice sheets is accelerating.
Yesterday, Mr. Ban visited the town of Uummannaq, which is several hundred kilometres above the Arctic Circle, along with the Premier of Greenland, Aleqa Hammond, and Danish Prime Minister Helle Thorning-Schmidt.
The UN chief expressed his deep concern at the fast-moving glaciers and by the fast-melting ice cap which raises the sea level, affecting the entire international community’s environmental system.
“It’s not only Greenland’s people – it’s the people of the whole world [who] are threatened because of this rapidly changing climate change,” he said on Wednesday at a joint press encounter with the two officials.
“There may be still many studies to make, the nature and the impact of the climate change, but [there is] one, simple plain fact: climate change is happening much, much faster than we might think.”
The climate summit planned for 23 September at UN Headquarters in New York comes ahead of a conference scheduled to take place next year in Paris to agree on a global, legal climate change agreement.
Secretary-General Ban Ki-moon briefs the media about his experience on the ice in Uummannaq, Greenland. UN Photo/Mark Garten
Mr. Ban has invited leaders of Government, business, finance and civil society to bring bold announcements and actions to address climate change to the summit, which will focus on solutions that demonstrate how early action can result in substantial economic benefits.
“We cannot negotiate with nature. A lot of disasters, natural disasters, have happened,” he stated. “We have to take action now. The time is now, and I'm very much committed to working with world leaders.”
Following his return to New York, Mr. Ban will travel next week to Brussels, Prague and Kigali.