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Camden » Comments » BHI
More on BHI by Camden
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Time to Pull the Trigger on Four Oil Service Stocks [View article]
I don't think there is anything in the article that suggests oil is dropping to $30-$50. Only that RIG's services will be in big demand unless the price falls to that level. I agree if oil drops below $100 then RIG stock is likely to be lower than it is today (that a direct correlation by the way, not inverse).
jimmy46,
RIG does not book revenues until they are collected.
IMO, RIG is likely a very good long term hold - just don't expect the same appreciation it's had over the past 3 years. Oil won't triple in price again.