How the hell the 150 rigs to be delivered new this year? Are those shipyards and owners/builders blind, it is. That is another problem other than oil price. Maybe they will not finish it due to current market.
The problems are low oil price, shale oil & gas, clean energy (wind and solar are very limited of course) ..... they come and go, but will HERO have enough to weather the down turn? I am holding.
Appreciate your views.