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Gold/Mining/Energy : Transocean (RIG) -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (340)	1/7/2015 8:46:45 AM
From: robert b furman	Respond to of 367

first thought is it may depend on the degree of diversification beyond E&P. Do they have upstream.midstream and downstream assets. Bob

To: Shane M who wrote (340)	1/7/2015 7:38:27 PM
From: Fredman	Read Replies (1) \| Respond to of 367

My first thought is the reason the drillers' stock price lags the oil prices on the NYMEX because when oil prices go up a bit after being on the bottom, it takes awhile to fire up 'capped' wells, so to speak. To me, it means new (drilling) contracts are needed before these guys start up again, they won't start drilling for the sake of drilling, they won't drill unless they have a contract (market) to sell THEIR oil to. One company 'owns the land', another does the drilling, and another does the marketing of drilled oil. Things take time to happen - and get on the books so to speak. JMO anyway.