No. of Recommendations: 0
I thought that's what I was saying. At least for explaining the comments about idling in the DW and Midwater space. Of course, I could have missed saying that, but I meant to! Why didn't you read my mind on that? <haha> :-)

But remember, other rig classes are also being built up and down the scale and the whole thing is a big balancing act. At some point, there's too much supply for the demand, whether its from just too many UDW rigs or too many of all types, and dayrates and demand drop. That's what we're watching out for.

Cheers,
Jim
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.