If day rates implode the way some of the scum bag analysts are predicting then absolutely the divvy will cease. Will be interesting to see if these dirt balls are accurate for once. Regardless; RIG management will continue to rake in huge salaries and bonuses at the expense of the suckers......errr I mean shareholders.
1999 all over again.
Now we can all go toss our money into rock soils plays like FB or TWTR. Praise be to Barack!
And the rest of the corrupt BOD. Any predictions? I would certainly hope any ignorant shareholders who stupidly voted to keep these buffoons on have come to their senses.
Carl realizes too much irreparable damage has been done by the RIG management team he had hoped to oust.
Now with the fundamentals in trouble he will/has bailed and moved on. RIG should bottom around $28 is my guess. And divi gets slashed or wiped out altogether. All assuming the stacked rig theory is true.
SDRL: better balance sheet? No. Better and newer rigs? Absolutely. Better run company. No doubt about it
Exactly. Same concerns I have too; but you articulated them much better than I. Alas, once again the longs are blinded by their denial that they have been wrong on this company. But not the concept; I will certainly admit that. But WPRT will not earn anywhere enough to reward shareholders. Management yes. Shareholders nope.
Regardless of what political party you favor; anyone sticking up for this President has exposed themselves as sheer lunatics. The man has been a complete disaster and full of deceit and lies. Democratic, Republican, Independent. Irrelevant. Get him out of office before the country completely implodes.
With the continued cash burn and now the expense of a recall the company will be forced to issue more sharesto stave off iinsolvency. My guess is the offering will be around $15 and send the shares to $12 within a couple weeks after the shares are issued.