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  • Is It Safe? [View article]
    Shiv:
    I generally agree with everything you said except for the RIG comments. If you look at RIGs valuation with a PEG of 0.4 and other metrics, it suggests a forward oil price of $25-30. Is that realistic? I don't think so. In all the hysteria this week about oil demand destruction the news out of China yesterday went completely unnoticed. They imported a record 20 million tons of oil in September, a 10% increase yoy. So much for demand destruction. RIG is basically being given away at these price levels. The full value of this stock is around $160, making it a "double from here.

    Newby
    Oct 15 10:02 am |Rating: 0 0 |Link to Comment
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