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re: Thoughts on RIG?
Posted on 2/1/15 at 9:10 pm to makersmark1
Posted on 2/1/15 at 9:10 pm to makersmark1
Budgets for 2015 are already set. $60 oil wont be changing those budgets.
2
Posted on 2/1/15 at 9:45 pm to TheHiddenFlask
quote:
TheHiddenFlask
You are correct; however, when oil prices begin rising look for investors to jump on the wagon thus raising the price of stock. I think RIG sees a surge by summer, though it will be overvalued once it happens.
Posted on 2/1/15 at 10:16 pm to TheHiddenFlask
How much have they budgeted for ongoing litigation? That might be a concern.
For what it's worth, the CEO bought 9800 shares on December 1st. Also a positive institutional ownership trend in the current quarter; 34.7M shares purchased vs. 21.1M sold. Icahn has 5.75% of outstanding shares. This is not investment advice, etc.
For what it's worth, the CEO bought 9800 shares on December 1st. Also a positive institutional ownership trend in the current quarter; 34.7M shares purchased vs. 21.1M sold. Icahn has 5.75% of outstanding shares. This is not investment advice, etc.
This post was edited on 2/1/15 at 10:27 pm
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