This is very helpful and does a great job helping me (a frustrated equity investor in RIG) with some guideposts for timing equity purchases in the future! I am a believer in the cycle so it has been tough to live through all the delays with contracts and dilution
Thank you. I’m am outsider and speculating at the rationale. Good assets here that generate cash flows but it’s the bond holders that get them. I think some investors prefer to go to where the cash is going which is debt today, but if RIG is successful they can persuade investors currently in the debt to go for equity via more equity friendly indenture terms
Thank you for reading! This Substack is a place saver for a more formal website to sell niche, independent research on deepwater energy which is where I spend most of my time. I get valuable feedback from readers which helps me guide where I should spend my time. I appreciate your time reading — more to come and will still provide free content.
This is very helpful and does a great job helping me (a frustrated equity investor in RIG) with some guideposts for timing equity purchases in the future! I am a believer in the cycle so it has been tough to live through all the delays with contracts and dilution
Thank you. I’m am outsider and speculating at the rationale. Good assets here that generate cash flows but it’s the bond holders that get them. I think some investors prefer to go to where the cash is going which is debt today, but if RIG is successful they can persuade investors currently in the debt to go for equity via more equity friendly indenture terms
Grateful for all your writings on this space the past few years. Super helpful in spelling it out.
Curious Tommy - Why do you do this? (Says you have no positions) - What are you optimizing for?
Thank you for reading! This Substack is a place saver for a more formal website to sell niche, independent research on deepwater energy which is where I spend most of my time. I get valuable feedback from readers which helps me guide where I should spend my time. I appreciate your time reading — more to come and will still provide free content.