I'm surprised, but the script that built up to Friday's bombshell was fairly logical. The things that were happening indicated a more serious situation than management suggested.
More Quotes from Philip Dodge:
We need to see greater predictability and certainty before the stock would look attractive again. I think earnings estimates are going to come down substantially this year and probably next year if, in fact, they go ahead with the de-mothballing of two rigs.Philip Dodge
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