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Strategies & Market Trends : Dividend investing for retirement
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To: Ditchdigger who wrote (10640)12/29/2011 2:15:56 PM
From: JimisJim1 Recommendation  Read Replies (2) of 34328
 
<SDRL - The anticipated contract duration is a minimum of 18 months, with corresponding potential revenues of approximately $127 million plus mobilization fee.>

I calculate that this is a day rate of about $231,963 which is on the low side for new high-spec, deepwater rigs. Average for such rigs is in the $200K - $450K range, just to put this in perspective.

Jim
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