Nothing is changing offshore right now and I wouldn’t be surprised if it’s like this all year. I’d love to be wrong though. 
This time last year I was lashing out at the $rig guys bc I knew day rates weren’t headed to the high 500s or into the low 600s. I thought jack ups would be a little more shielded from the sell off but they were hit just as hard. I think everyone has come to terms with the current state of day rates via stock price. I have no ill will towards Transocean or the $rig supporters. I just didn’t want ppl losing money on it. The damage has been done now so there’s nothing to be upset about. I actually love the company from an operational standpoint. There will be no more hostile posts aimed at $rig. For all I know they could end up outperforming their peers going forward especially if oil ticks up from here. While it’s still not my first or second choice as an investor, I understand why it is for a lot of people.
#rig