Anyone knows what is the interest rate for $400M notes?
I want to gauge whether this leverage is profitable to the bottom line. We paid down debt long and hard, now we should not build it up unless it is very profitable!
there are lots of cold stacked rigs can be rehab and put to work.
Now the new/old equipment ratio should be very favorable. HERO can go to $10 as SA said, end of the year, 6 months for a 45% gain, not a bad bet. Given with the same HERO, $10 or $15 is only a fine line of EPS and execution. You mentioned $44 target, maybe really $15 to $20 is more practical.
The point was that when prices go to extremes it is time to buy or sell. You are right $15-$20 is more practical while $44 is extreme but not out of the question. Let the dollar fall precipitously, oil soar and the oil sector catch fire, then you could see even more than $44. Tat my friend would be $weet !!!!!!!!!!!!!!!!!!!!!