Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SEDCO 445 who wrote (100732)	5/10/2008 11:25:07 PM
From: upanddown	Read Replies (1) of 206085

Petrobras 'primed for newbuild rig spree' Sedco, I absolutely agree. With long backlogs at many yards, PBR has to get in line for the rigs it will need for what I understand will be extremely challenging projects. My bet is on Keppel. It is still very cheap. It has backlogs into 2012. It got unfairly whacked recently when revenues were light in Q1 simply because it didn't deliver any rigs. It has the biggest yard in Brazil and has a long relationship with PBR and employs thousands of Brazilians. There has to be a lot of political pressure to keep the rig building jobs in the country. I would be surprised if Keppel FELS Brasil S.A. didn't get a nice piece of the action. I am always surprised we don't discuss Keppel here. Big Dog said a long time ago that it was the Big Dog of rig builders. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next