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Re: debt -- colorWhen the market is good, no one complains. True, the SDRL rigs was a splendid deal, but that only made SDRL's profit larger, not any benefit to SFL, fixed lease or BB. Why did SDRL go into Ch. 11 ? One normal give an opinion, adding, given No GEOPOLITICAL surprises. That is what took place. SDRL / NADL; had reached an Agreement, probably the largest of its kind with Rostnef of Russia. It was a combination, Harsh Environment rigs from NADL Russian Arctic Shelf, and specific details of how to eventually Russia owning those rigs ( options in the mix too ). The flip side of the deal, SDRL/NADL, ( Read John Fredriksen, Major shareholder in SFL ), would in that deal, renew and give technical expertice and Buy New equipment for Russia's land drilling and pipe line pump stations and what else needed. Harsh Environment rigs, took the first blow; Arctic, then Russia taking over Crimea, and subsequent boycott ........ the deal was gone; and to beat, the overall rig market suffered at the same time. I'm so fizzed off by EU, and USA, just even '' thinking '', to get Ukraine into EU, not to mention NATO. Talk about being Stupid by western countries. I know, Trump, don't listen to his advisers, but, to EU & NATO it should have been OBVIOUS, No Way would Russia, the country with the largest land mass on earth; and only have One Warm port for their Navy ships. Sevatopol, Crimea Peninsula. ( My personal belief, why USSR invaded Afghanistan, getting control of that country; and OBVIOUSLY Pakistan giving USSR, free entry from Pakistani ports; USSR, not only would have gotten a new Warm Port for Navy; but, BANG on the World's most important area Re O&G. ) I'm against EU overall. It was supposed to be a Free Trade in Europe without borders, but, the politicians Always fizz it up, and, especially French PM Chirac, wished to make a United States of Europe. That is what I don't want, nor are Norway members, but, an agreement based on an old European free trade agreement, OECD. Oh, well, too much to explain on that one. BUT, I tell you, Brexit is about, the Brits are fed up taking people into their country; which are NOT Europeans, in the sense, Asylum seekers flooding EU outer boarders, thus, when within, they can travel freely within ). Enough for now....... |
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Msg # | Subject | Author | Recs | Date Posted |
4889 | Re: debt -- color | keebon | 0 | 12/12/2018 10:36:25 PM |