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Adam Ritzer's avatar

Great update. What do you think the odds are of RIG buying SDRL? What would SDRL want? Any other M&A bets this year before things pick up again in ‘26? Thanks

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Tommy's avatar

Thanks for reading Adam. I think it’s a logical combination for numerous reasons but there’s a lot of moving pieces with some complications. I’ll say 55% chance but predicting M&A is not my focus. I think we eventually see some smaller drillers merge. I think Noble’s acquisition of Diamond will look good in 2026-2027.

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