That is old history. Different times different circumstances. When the circumstances are the same, the p/s will be the same. What was the price of oil?
The fact that they are up speaks tons. My theory borrowed from AH on the VLO board is that the MMs are pulling the strings and it is not SDRL's time to dance. Watch SDRL, RIG, and DO. Our bump up is macro in driven today. The macros are pulling most of the market today just like they took us down yesterday.
And the bashers are still bashing. I have heard rumors that true bashers get paid for each reply. I just put them on ignore. If I do read one of their post and want to reply, I will do so like I did in this post by starting a new topic.
I like what you did. Oil will be the picture for many year and you bought in low very low. If you hold for a year, you have a $26+ stock even if we stay down here which we will not do. Just a guess but I feel that most of have an average of $35 or so and we are confident that we will be back pretty soon.
States that it cost $52 for a deep well and $56 for an ultra deep. At $75 oil a company can still clear $19/barrel that seems to solidify our contacts on the most expense off shore wells.
Just heard on CNBC that this overblown, because ten years ago when drill started in the bakken, oil was $40. I do wonder what the range really is in cost per barrel to drill. It seems to be a wide range lie $60 to$90.
We were up good down a lot and now we are up, but headed back down.
From what I have read, they want all OPEC members to agree to a deal to cut production so that the Saudis can maintain their market share. You are being a consistant basher and we all know that. You were upset when you were called a liar last week, but let me remind you that any deviation from the truth no matter how small is a lie. Any attempt to mislead is a lie. Facts are facts sources are sources. I'm moving you to hard basher an to my ignore because what little you have offer is not worth my time.
I have not seen it mentioned anywhere other on this board. Just give me a source that says the Saudis are picking SDRL to single out to punish.
Who did more to curb Aides in Africa than Bill and Barry did combined?
I read the article an there is no mention of ultra deeps, but it talks a lot about $90 oil and lower to $77 worse case. It seems that the Saudis are preparing opec for all of them to cut production and they want to counter our increased production.