"Analysts at investment bank Dahlman & Rose today revised down rig dayrate forecasts in light of the economic slowdown which it expects to result in lower spending in the industry leading to project delays and cancellations.
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"The jack-up market is expected to be the worst hit, with dayrates falling by third quarter of 2009."
"Meanwhile, the deep-water market is expected to remain tight with no softening in dayrates before 2011".
Swiber defers drilling plan, waits out financial crisis
So it seems that the outlook for deep water drilling and drillers still remains very positive. I bought some more Seadrill last week.
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