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$HP has an average of 118 rigs under term contracts to be active in FY16, 93 in FY17 and 52 in FY18. Due to soft market conditions and early termination of long-term contracts, backlog decreased from about $3.5Bil as of June 30, 2015 to about $3.1Bil as of September 30, 2015. $HP expects total annual depreciation expense in FY16 to be about $580MM.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.