jonreagan

Atwood Oceanics' Short but Sweet Beat

Mark--I sold off RIG shortly after their earnings report, and am obviously glad I did. I think what seems to be confusing a lot of us is that with the recent run-up in crude (last two weeks), drillers and oil service companies (SLB, HAL) stopped moving in tandem with the price, and seem to have stalled. Makes it kind of worrisome what will happen to these stocks if--as the pundits keep predicting--crude finally starts to move downward. Frankly, I'm not a believer in the much discussed "bubble" in commodities....I'll believe it when it actually happens.