SI
SI
discoversearch

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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Czechsinthemail who wrote (14688)3/12/1998 11:45:00 PM
From: John Carpenter  Read Replies (1) of 95453
 
RIG has the finest fleet in the world. This is one of the
reasons that it is closer to its 52 week high than the
likes of SLB, DO, FLC, NE, ESV, MDCO, GLM etc.
The market recognizes that in RIG you get the purest play
(with 90% of its cashflows from deepwater activities) on
ultra deepwater drilling. When you comsider that RIG
owns or has an equity stake in 7 of the world's 13 4th
generation semisubmersibles, RIG is in a class by itself.
RIG has drilled 94% of all wells ever drilled in greater
than 5,000 feet of water! One of the reasons than the
majors are gravitating to ultra deepwater is that 95% of
the world's UNEXPLORED offshore acreage lies in water
3,000 feet and deeper.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News