Ocean Rig UDW Inc shares are currently trading down about 0.9% on the day.
Ocean Rig UDW Inc shares are currently trading down about 1.5% on the day.
Ocean Rig UDW Inc shares are currently trading down about 2.6% on the day.
Economou, who also bought a 4% stake in Ocean Rig for himself, says he feels strongly that deepwater drilling presents a glorious opportunity.
In the case of Ocean Rig UDW Inc, the RSI reading has hit 29.9 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 49.1, the RSI of WTI Crude Oil is at 45.7, and the RSI of Henry Hub Natural Gas is presently 71.9.
In the case of Ocean Rig UDW Inc, the RSI reading has hit 29.4 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 54.5, the RSI of WTI Crude Oil is at 66.7, and the RSI of Henry Hub Natural Gas is presently 47.3.
In the case of Ocean Rig UDW Inc, the RSI reading has hit 29.7 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 50.6, the RSI of WTI Crude Oil is at 33.6, and the RSI of Henry Hub Natural Gas is presently 61.1.
This design explores the possibility of living on the oil rig, above and below the ocean level.
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Plus the rig also must be kept at the same position, so energy must be expended fighting the ocean currents, and mud must be pumped, workers helicoptered on and off the rig, drilling materials delivered, etc.
The rig was aground in an area of Ocean Bay, where water depth is 32 feet to 48 feet.
The day that the rig collapsed and fell to the bottom of the ocean, I had my team in the Oval Office that first day.
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But five weeks after the Deepwater Horizon drilling rig sank, it seems possible that the rate at which oil is going into the ocean, if not the rate at which it is coming out, might be coming under control.
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BP, which had been leasing the rig from Transocean, says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.
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