Transocean (RIG) Message Board

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Gold/Mining/Energy : Transocean (RIG)

RIG 4.025

-0.1%

Dec 24 12:59 PM EST

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To: Shane M who wrote (340)	1/7/2015 7:38:27 PM
From: Fredman	Read Replies (1) of 366

My first thought is the reason the drillers' stock price lags the oil prices on the NYMEX because when oil prices go up a bit after being on the bottom, it takes awhile to fire up 'capped' wells, so to speak. To me, it means new (drilling) contracts are needed before these guys start up again, they won't start drilling for the sake of drilling, they won't drill unless they have a contract (market) to sell THEIR oil to. One company 'owns the land', another does the drilling, and another does the marketing of drilled oil. Things take time to happen - and get on the books so to speak. JMO anyway.

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