nycDem

Oil Consumption: How Does Today Compare to 1980?

PDE, RIG and DO are still undervalued. And right now they are a buy.

RIG:
TTM P/E of 9.82
PEG of .3
TTM EPS is 15.14
Growth (via Yahoo) is 31.48% a year for the next 5 years.

Yes, RIG is waaaay undervalued.

I don't know about the others.

I do know that "The Real Expert" is really angry! Grrrr. And he had to post twice to make his point. I read his other posts as well. Maybe he needs a hug. :-)

The Relationship between Oil, Drillers and Refiners

Thanks. This is a simple but useful article which corroborates what I have already observed. Appreciate you crunching the numbers.

I own long-term options on RIG and ATW...but I think oil is due for a correction (if we're not already in one). Wondering if I should just ride it out since I feel that RIG and ATW will continue to perform well in the long-term. But I'm not looking forward to seeing my options get cut in half if oil does get spanked.

I bought some DUG as a hedge...but it won't do much to offset my loss if the drillers take a beating.

Decisions, decisions...

- nyctrax