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Genworth Financial, Inc. Message Board

matthsusant 1 post  |  Last Activity: Jun 17, 2015 4:01 PM Member since: Oct 24, 2007
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    Today

    by deadairez Jun 17, 2015 3:17 PM
    matthsusant matthsusant Jun 17, 2015 4:01 PM Flag

    Today's move also could be in reaction to the decision today by European ambassadors to continue economic sanctions against russia for 6 more months (even though this was expected by all). I note that Odfjell also contracted a 2011 drillship for work in vietnam at $286K/day. They can operate at low day rates apparently.

    The fact that West Venture was in 2nd place has a silver lining- it shows that the rig is still competitive. Now if they can just find some work for it.

    I also wonder when we'll hear about the Total contact. West Phoenix is being used to drill the Edradour field, and it sounds like there's still a lot of work to be done there, so the odds could be good for some sort of extension - hopefully at reasonable day rates.

GNW
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