Citi analyst Scott Gruber
I1ve yet to see a US analyst to see the difference, within the Offshore market and rigs, being drillships or semi.Subs & Jackups,
Not least the DIVERSIFICATION of SPECIFICATION needed for different markets.
It's based on Desk Job, with no Real knowledge of the Offshore market, AT ALL.
That said, the new finds of O&G will PRESETNLY not be enough to fill the gap moring forward, and think of Ghawar, which we all know by now, and their different wells, are depleting, even suggest, the field(s) is close to go empty.
Why did, Salam wish to make an IPO for ARAMCO ? Of course, he knows the same, and, IMO, the chap killed in the S.A. embassy in Turkey, PROBABLY KNEW ALL OF IT.
Why else kill a journalist, knowing it all.
When Kawar cannot deliver, the remains fields in Saudi will be marginal, and SA will not longer produce, some 10.5 / 11 Million barrels a day..
That is what I banking on, the Offshore sector will increase tremendously and oil & gas price will Rocket.
Invest in O&G and stay calm. Take a holiday, which I'm doing at the end of next week. I don't think I will even bother to bring my PC.