March 31, 2017

Consider These Trends If You Are Buying Or Selling Rigs In 2017
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Valuations in Buying or Selling Rigs

According to VesselsValue, valuations for some drilling contractor rig fleets have decreased by 40%. This is a likely higher for companies with older fleets. However, there are several opportunistic firms buying or selling rigs determined to use this down-market to buy rigs at severely discounted prices. In conversation with several clients, this has been compared to Baron Rothschild’s advice: “The time to buy is when there is blood in the streets”.  Below are EnergyFundz’s observed trends in buying or selling rigs. Read more