Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
These guys, they got used to diluting shares, hopping on debt, sitting in office and taking it easy. $RIG and its cousin $BORR both based in EU countries where woke is the new coke and showers are optional. Net result is erosion of fundamental business value justification whereby all assers are not created equal. Before long $OIS and $OII could issue challenges none can accept and path becomes clearer.
These guys, they have 1.9 billion dept, no way to refinance, worse than $RIG and much more malnourished but still holding on as future looks bleak. Drilling activity gone to zero. If at all, buy $OIS and $HLX but not anything at all else one becomes too heavily loaded and unable to move.
These guys, with CEO like SHORNE at $BORR and THUGPEN at $RIG is there any hope? not at all.
Way to run oil company - use stock as ATM. Pay your pals bonuses + salary increases each year while stock rots and investors suffer. Magic formula used by oil&gas industry!!
Ask management of DO, VAL, DNR, OAS, Seadrill, Chesapeake, Weatherford, Mcdermott, $OIS, $OII etc how they played this game for decades. Whey bankruptcy is so easy and all your debt is swapped for new clean debt, why bother with operating and financial performance!! Let investors get wiped out!!!
Why would they now hit that much higher EPS?
These guys, they wasted trillions in investor capital for 15 years. $RIG, $OII, $BORR, $OIS list is endless is it not. Many gave up because business is shrunk. Drilling is environmental disaster and planet must be saved. Why anyone will invest here is mystery. Some like DO, VAL, NBL, DNR, SDRL went bankrupt already.
The companies extracting fuel have a lot to do. I wonder what will happen in the America? What do you think?