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: RGinPG who wrote (30621)10/12/1998 8:14:00 AM
From: marc chatman  Read Replies (2) of 95453
 
Ron, while I hold some RIG and consider it to be a fine, well-positioned company, remember that they came out last week with that GOM contract at a lower rate. And while many people here said that it was "still a fair piece of change" or something to that effect, it is a move in the wrong direction. And where there is one move in the wrong direction, there are often more to follow. I am weary of possible additional earnings revisions (downward) or negative comments at the time of RIG's earnings announcement.

I haven't had a chance to research what impact the lower dayrate and future contract rollovers may have on the bottom line, and I think RIG is attractive long term at these prices. But, as everyone here knows, that doesn't mean we won't see a lower stock price on bad news or lower crude prices.

Good luck.
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