re: Oil Stocks

quote:

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RIG is a service company - driller - as long as demand for rigs stays up it should be fine.


So it rises if gas prices rise?

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The only thing i can tell you is that their rigs being plastered on every new channel while they burn will make the stock go down

I was simply pointing out that their aren't very many direct correlations in stock prices, but having one of your rigs explode, like macondo, will make it go down.