Seeking Alpha
  • Chines33
    Wow RIG such an awful company...now having to raise cash through secondary.
    11/29/11
    Reply (12)
    • 1ras1: totally agree
      11/29/11
    • John Rayhall: Used to be considered a gem of a company a few years ago. My co-workers who knew nothing about stocks used to buy it I remember.
      11/29/11
    • 1ras1: it did have potential since Macando they couldnt right the ship
      11/29/11
    • John Rayhall: At some point it's a buy no?
      11/29/11
    • 1ras1: yes but we need to understand the depth of there liabilities. but the have a good fleet and deepwater drillers prices have been on the ris
      11/29/11
    • John Rayhall: If the stock gets hammered really bad today I will take a look.
      11/29/11
    • 1ras1: because i would only consider it long i would wait till next year. a lot of uncertainty and if oil drops a lot then rig will be down a lot
      11/29/11
    • John Rayhall: Do you really think oil is going to drop a lot?
      11/29/11
    • 1ras1: the only thing i think that keeps oil up at these levels is the talk of war with Iran which i believe is a big oil producer and would cause
      11/29/11
    • 1ras1: supply disruptions
      11/29/11
    • John Rayhall: War with Iran would be disastrous I do not believe that it will happen.
      11/29/11
    • 1ras1: i don't know if it will or wont but the talks have gotten down right nasty
      11/29/11