10-15-2014, 02:39 PM
Well, last I looked the sonovabitch was up 4% today whilst the rest of the industry was falling apart. What do I see? 40 years of dividend growth, very low debt, innovative with the Flex-Rig AC drive platform that has some intellectual property protection, knowledgeable and conservative management that tends make sure they have visibility on a cash stream before they build new rigs. Yield has always been low but now it's quite adequate. Overall, I think they are the class act in on-shore operators. Look back at their financials.