And as RIG approaches a new 52 week low, and the Macondo low is on the horizon.....all this as the market is at an all time high and oil is at $105-108 a barrel. I mean really?? The worst management performance I have ever seen in this industry.
I have a strong gut feeling Icahn is also bailing. With the company now literally a plane with 1 wing....
All part of "creating shareholder value". My 6 yr old granddaughter could run this company better than these idiots. Selling will continue unabated and I predict the Macondo-low will be taken out. See you at $35
On top of all the other fumbles this management team has spearheaded, now they just out and out are failing to execute; while SDRL is eating them alive. Street has literally given up on the company. The actual failure of the company is now on the table.
Of course, look at what people voted in for the POTUS. Again. They too are getting their just desserts. FOOLS
he very well might be. I hope the idiots that voted to keep this management team in place are squealing with every drop in the share price. What fools.
right on. everyone is bailing. Anyone dumb enough to still be around now finally sees this management team is a disaster, and are literally putting the company at risk of now even surviving.
Do you really need to ask?? You have a management team that thinks creating shareholder value is by literally driving the company into the ground. Good grief.
I have some shares, but I think the recent selling is due to the uncertainty the s4 has spun up. The distribution seems to now be not as iron clad as before; based on new verbage. That could #$%$ the voting for the merger; the distribution is the last piece of hope to get it done. Not good.