fergus?
Rig count data.I hear the story nonstop from talking heads about rig counts and that bad rigs are all coming off first.Personally this has to be a lot of smoke and mirrors.While initially the first cuts might be lesser targets etc but really in the industry are not most rigs equal after a point.I would love to see a talking head actually research the data from previous year for the drill rigs cut........IE evaluate the past one year history of what that drill rig did.....This is just another tool in the manipulators toolbox to try and fool investors that rig count drops are not going to have a big effect quick.In reality half the rigs cut is HUGE and my guess a large part of those drill rigs were very productive rigs,