This company will probably stay around and continue to pump out panels and depress the solar market for a long time. Who cares if they have cash left or not, free market principles don't apply there.
wahts all tha fuzz with us shale oil. It will grow like 1-2 MM barrells till 2020 and then start declining. Hardly a threat to UDW.
"Analyst Lukas Daul in ABG Sundal Collier believe we have seen the end of a super cycle in the rig market that has lasted for more than ten years. He fears that the bottom has not been reached.
- One should into a downturn, and one should far down in the basement, he says to DN."
The dynamics is that many rigs are fighting for a few jobs. Then price discipline disappears and people are bidding under another. So it is with every tender, and adding a little lower than what you think the other is going to town, it's a vicious spiral that is underway, says the analyst."
time to go short imo
what u been smoking tonite
"Associated Press: Ukraine peace talks fall apart amid renewed fighting"
Ok this is what's bothering me, if Saudis don't let oil prices go higher than $70-75 deepwater drilling spending will be cut back.
"After the plunge in prices “the Saudis lost their nerve and they resumed the role of swing producer. If they hadn’t lost their nerve, we wouldn’t be seeing the shale oil boom today and North Sea production would be substantially lower because investment would have been less,” he said."
here's some more:
"Desperation among rig companies have increased, and we see a risk that what is left of price discipline will fade away," writes analyst further and have become more concerned about developments in the sector and continues to recommend investors to stay away."
not sold yet? loll