Its going to bypass the pink sheet and go right to Bankruptcy chapter 11 which will wipe out all common shares. GE will steal what is left in court. He will do the same with RIG.
So in the next 80 thousand years we may have another Ice Age. Does anyone have anymore Tequila for my fresh orange juice.
Ultimate stock is bad and will cost you a lot of money if you use them.
You must be an example of a drug addict that had an abortion that went south. You survived but it is clear that you have some brain damage. HAHAHA
You may need Meds not me. Technology is advancing and we do not need to drill in deep water at this time. Oil Is dropping in price for a reason, supply and demand. All of our energy needs have changed. In my old house my electric bill in the summer was $300 per month and now in my new house that is twice the size it is only $100 per month in the summer. all most everything is getting more energy efficient and were pass the baby boomer peak. If you got the guts and you want to make money with this company then short it for a few months.
No need in offshore drilling right now. So can they last for the next two to three years. Drilling technology on land is changing very fast and their may never be a need to drill in deep water for the next 10 years. Good time to short this stock.
Losing your tail. Sell your short position and join the club and watch it go up.