would think single figure sp is going to be a chance to pick up some more shares. Not that bothered if too late though and this is trading in the late teens by nxt friday. Will see. GLA. if we need luck!
Eni, Ocean Rig execute drilling contracts for two drillshipsOcean Rig UDW Inc. has extended the contract for the drillship Ocean Rig Poseidon with ENI Angola for a further one year until the second quarter of 2017 with total contract backlog now standing at about $367 million.
Unlikely. The investment horizon for drilling and pulling it out of the ground are different. Low price of oil comes with low price of 3D, drilling etc. Companies are still drilling high value targets - just getting very choosy - which is why pulling off the second farmout with such big operators for the Moroccan acreage was such a good feat.
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