The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (28954)	6/8/2010 11:06:27 AM
From: RockyBalboa	Read Replies (1) of 71445

Goldman and battered UBS considering sacrifying RIG? Ultimately RIG could be forced into bankruptcy with zero going to common shareholders and super senior debt going to the state? >>> NEW YORK (MarketWatch) -- Transocean Ltd. /quotes/comstock/13*!rig/quotes/nls/rig (RIG 44.75, -4.42, -8.99%) fell 10% to $44.42 after Goldman Sachs downgraded oil drilling firms to neutral from buy and issued bearish comments on the effects of the oil spill in the Gulf of Mexico. "We believe that the Macondo oil spill is likely to have a long lasting impact on the industry and most negatively impact the deep water drillers," Goldman Sachs said in a note to clients. "We think that the current six month moratorium on deep water drilling in the U.S. could be extended and now assume that it lasts 12 months with limited activity until 2012; deep water dayrates are likely to face pressure." <<<<

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