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28 comments on How Long Does It Take to Build a Rig? And Why Aren't Rigs Cat 5 Certified?

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teemu on September 28, 2005 - 1:57pm Permalink | Subthread | Comments top
Hmm. What you think about investing to offshore drilling companies like Transocean or Smedvik? I started to invest in them about one year ago and so far I have got great returns. Do you think dayrates might go still much up and company earnings soar like during last two years?
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DrPaul on September 28, 2005 - 8:22pm Permalink | Subthread | Parent | Comments top
Don't know about the specific companies you mention, but Rigzone has a table of dayrates you can kee an eye on (updates every day)
http://www.rigzone.com/data/dayrates/

and some historical utilization data
http://www.rigzone.com/data/utilization_region.asp

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Prof. Goose on September 28, 2005 - 10:45pm Permalink | Subthread | Parent | Comments top
aren't the best rig companies to own Nabors (rent em to the Saudis) and National Oil Well Varco (build em)?
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28 comments on How Long Does It Take to Build a Rig? And Why Aren't Rigs Cat 5 Certified?

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