Warren Buffet once said buy a company an idiot could run, because eventually an idiot will run it. Well, as of now we have a bunch of idiots running this company.For the Aker drilling acquisition, management (in its infinite wisdom) decided to pay… More
Their fleet age is a problem. Higher maintenance and capex going forward is going to spell trouble for their dividend.The prospect of a dividend cut is going to place lots of technical pressure on the share price in the coming months.Noble and Ensco… More