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: Bearcatbob who wrote (136094)	6/24/2010 11:51:11 AM
From: Keith Feral	Respond to of 206326

You are probably right, but it will take alot longer for rates to recover. It looked like dayrates for RIG would have bottomed this quarter, but the current situation will probably extend the bottom by a couple more quarters. Doesn't mean that RIG isn't a great buy back near $50, or anything else right here. The market looks like it's sniffing around for a pretty big reversal once all the dust settles around BP and other hot topics right now.