Having had some time to digest... I think the news is worrying.
Must have come close to triggering a reason for the amends...
In US Shale, bank lenders have been resilient because I figure they think they have a better chance of letting the company try to keep trading out of trouble, than re coupling via a fire sale of assets.
While I guess it could be interpreted as good news that the banks re negd the deal... I worry.
What I worry about especially is that the SE Asian ultilisation rates and day rates have crashed....
MRM Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held