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re: Anyone buying RIG?

Posted on 2/26/15 at 7:39 am to
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 2/26/15 at 7:39 am to
quote:

tes fou


I will be unloading almost all my captial into HOS soon. We saw this same action in 08-09 and the stock came roaring back. Solid company with tons of assets. Clear buy at these levels.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 2/26/15 at 9:33 am to
quote:

I will be unloading almost all my captial into HOS soon. We saw this same action in 08-09 and the stock came roaring back. Solid company with tons of assets. Clear buy at these levels.


I do not know enough about HOS to comment on them specifically but it is wise to understand the difference between 08 and today. 08 was a reaction to overall market and economic conditions as well as fear, today is a structural imbalance in the oilfield. These are two very different animals. This is why some folks do not see a quick turnaround in prices like 09. Again JMHO


Posted by tes fou
Member since Feb 2014
838 posts
Posted on 2/26/15 at 10:37 am to
quote:

I will be unloading almost all my captial into HOS soon. We saw this same action in 08-09 and the stock came roaring back. Solid company with tons of assets. Clear buy at these levels.


They aren't a real old company and they have made solid moves to sell off their older non-core assets and replace with the newest highest spec. technology. If you look at their market cap and debt profile vs the assets and ability to generate operating cash I think its a great buy.
This post was edited on 2/26/15 at 10:40 am
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