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According to Bloomberg, five new ultra-deepwater rig contracts were awarded the last quarter. However, if we look at the day-rates,
the contracts were almost 20% higher than the previous contracts. This situation seems contradicting what analysts have said to justify
their recent bearishness and downgrades for SDRL.
Big Bad Bulls
I agree...have to wonder when the stock is going to bottom because the day rate increases are disagreeing with the analysts expectations
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