Good times for rig companies not likely to return

Oil companies were living beyond their means before the downturn. As such, rig companies should not count on the market ever becoming as good again. Meanwhile, capital sources have largely dried out – though there are subtle signs of improvement.

Photo: Ritzau Scanpix/Reuters/Sergei Karpukhin

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

NEW YORK

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