Unfortunately that lack of any meaningful new big time contracts signals all the naysayers might be dead on correct. Stacked rigs and declining revenue will destroy this stock and other drillers too. Barclay's targets might be accurate!
The BOD is infested with good ol boys (except for maybe the one member Icahn managed) who apparently care only about lining their pockets. Thus, like our current administration in Washington, there is no such thing as accountability.
Wait until you see the size of the fat bonus he gets this year for such a fine job of conning suckers...errrr I mean shareholders out of their money.
That's what makes this so twisted and senseless; this stock should be wayyyy more stable with such a long and solid history of distributions. This thing is acting like an internet stock; completely absurd.
Yield now at 10%.
I'm shocked this lying, deceitful and outright fraud of a president isn't in prison given the events of the last few years. I mean come on! Is this bizarro world? Reid, Pelosi, Holder, Sebelius and Hillary all ought to be in chains. What is tong with people? Seriously????
If day rates implode the way some of the #$%$ 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.