The recent rise in the price of oil is doing nothing for the small drillers. The only thing that will make VTG and other small drillers rise in price is to get a new contract or contract extension. Every day that goes by brings these guys closer to the end of their current contracts.
The rise in the price of oil does not seem to lift the drillers with big debt. The only thing that will cause SDRL or NADL share price to rise is for them to announce new contracts or contract extensions. Every day that goes by brings them closer to the end of current contracts. One other change might help SDRL. If Putin decides to make Russia a business partner with the world and not show off as a Dictator it may help.
I propose the Saudi's increased production 15% not only to bring the price of oil down, punishing Fracking, Iran, Russia, etc. but they will in June now accept OPEC's general proposal to reduce production universally by 5%.