Re RIG, and shipyards:
To clarify earlier posts, RIG is NOT marketing 4th gen. semis at operating costs, and say they will stack rather than bid below $100K/day on these rigs. Some of the other rigs say "will drill for food," but not the 4Gs.
I can't tell how much of this is posturing in advance of negotiations -- or how firm they will be going forward -- but according to the co., they refused to bid the two floaters to the Terra Nova job below one hundred grand. I am done already.
Another limit buy tripped for me today. A request, then, to any short sellers / fund managers reading this. Holy cow, lay off half a sec., would you? My next buy is scheduled @ $25, and I would prefer not to have to go into margin to make it. I've got gains on a stock that go long term early next week, so I'd prefer you hold off selling the bejesus out of RIG until that time. I am not asking for a surrender, or even proposing a truce, just a temporary cease fire for a capital reload. TIA.
Will try to listen to the TX cc today to get a sense of their near- mid- long-term plans. The Texaco call is available, live, via Real Audio starting at 11:30 EDT.
TX CC: webevents.broadcast.com
ian
EDIT: Oh yeah, shipyards. I apologize to the fine folks at Ingalls, and wish to redirect my contempt instead toward Avondale management, and their horrible labor practices. I'm sure they're quaking. |
