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Income Investing
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Re: Intersting point re rig production from CitiI believe that the big player has no alternative as they must fight to maintain reserves. They say that short term price fluctuations have little impact on long term ocean drilling programs. While CAPEX will be cut, deep ocean drilling will continue. There will be much pressure on the contract price for rigs however, and will may take quite a long time for the froth to return. |
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