DonOrleon17
Sep 15, 3:18 PM
$RIG the only valid bearish case for RIG, profitability, is becoming more irrelevant as the company expands its backlog, which is currently in excess of
$7B, and oil prices keep ticking up, whereas, there is no clear sign of it slowing down. The potential merger talks with
$VAL while not entirely necessary, would create a top-tier synergistic merger that would optimize operations by expanding capabilities, and reducing OPEX, essentialy delivering a significantly higher EPS allowing capital not just for an attractive dividend payout to shareholders, but also shift the valuation significantly.
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