AWLCF - Bassoe Cuts Deepwater Rig Values By 20% - Implications For Drillers' Stocks
Investors and traders who are interested in offshore drilling stocks have grown accustomed to using the Bassoe Offshore database - a great tool for getting the latest news and asset values. While the asset values provided by Bassoe have been actively debated here on Seeking Alpha, I believe that they provide the best approximation for the challenging landscape of the modern offshore drilling industry. Even if one disagrees with the exact value estimate for a certain rig, the trend of value estimate changes is still an invaluable tool which shows where the market is heading