Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: SEDCO 445 who wrote (100732)	5/10/2008 11:25:07 PM
From: upanddown	Read Replies (1) \| Respond to of 206085

Petrobras 'primed for newbuild rig spree' Sedco, I absolutely agree. With long backlogs at many yards, PBR has to get in line for the rigs it will need for what I understand will be extremely challenging projects. My bet is on Keppel. It is still very cheap. It has backlogs into 2012. It got unfairly whacked recently when revenues were light in Q1 simply because it didn't deliver any rigs. It has the biggest yard in Brazil and has a long relationship with PBR and employs thousands of Brazilians. There has to be a lot of political pressure to keep the rig building jobs in the country. I would be surprised if Keppel FELS Brasil S.A. didn't get a nice piece of the action. I am always surprised we don't discuss Keppel here. Big Dog said a long time ago that it was the Big Dog of rig builders. John

To: SEDCO 445 who wrote (100732)	5/11/2008 12:48:19 PM
From: elmatador	Read Replies (2) \| Respond to of 206085

'newbuild rig spree'? Compare that with US$10 billion in investment was planned for 92 greenfield cane mills. These will include 17 in the northeast and 75 in the center-south, with 44 of those in Sao Paulo state, Brazil's main cane grower. Brazil could double production if about two-thirds of the planned projects are executed, Carvalho told Reuters after he addressed a Hart fuels and refining conference in Rio de Janeiro. Carvalho said some 5.5 million hectares were planted with sugar cane in Brazil, compared with a total crop area of 60 million ha and 300 million ha of livestock pasture. "Over the next 15 years, an extra 100 million hectares could be planted with cane, primarily on pasture land," Carvalho said, adding that the expansion would not involve felling trees planetark.com