It's quite sad for the families that will ultimately pay the price for the "exuberance" that exists within corporate America. There is a reason why there have been so many documentaries and stories about American greed. I don't begrudge neither corporations making a profit nor borrowing to do so but this is what happens time and time again when you get unfettered lending which leads to over supply.
The US have not learnt a thing - just even in the past decade. Instead of a moderate and sustainable approach to exploration they want to dig it up all now and make the quick buck and they don't care who they bowl over in the process.
I'm not a socialist by any stretch but there has to be a stop to this unbridle brand of capitalism that destroys rather than builds. I'm not surprised the Saudis reacted the way they did.
Anyhow it's good to see DLS up and again, as I have said many times before, I hope this is not just a speculative jump so someone, somewhere, who has inside information is making a play. Instead I rather see DLS going up for all the right reasons ie smart management, good leadership, sustainable growth, etc etc. I am positive that DLS will come out of this malaise just fine.
All the bets to holders.
Cheers
BW
______________________________ And then is heard no more. It is a tale Told by an idiot, full of sound and fury Signifying nothing.
DLS Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
