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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by RiskyBiz39on Jun 18, 2013 7:58pm
60 Views
Post# 21539687

RE: H Rigs Good Question On Rigs

RE: H Rigs Good Question On Rigs

They need to be re-configured for conventional. Not a big deal. However, im thinking Walter is hung up on a higher day rate for those 2 rigs. Paid 50Mil and they would be drilling like 10 Mil rigs.  Best thing is like Big A says. Sell the HRT rigs for 50cents on the dollar and through to debt. Then hoping the suit is settled positive and through that to debt. Run lean and mean, hopefully at 80-90 % UT and make money and get more dbte paid down. Until then , I dont see more than .25 and easy ride back down to .9 with Brazil all on fire. Waste another 4-6 quaters and libor will start kicking TID"S butt. They cant maintain this debt level even at 85% plus on UT. Their Just  J O...  Walter take the hit on the HRT rigs while they still have value, or at least sell 1 and send the other to Columbia. Do something, say something..

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