RIG Tansocean Ltd.

[I make oil]

Bought in 25,000 shares at $11.45. I think they are an excellent opportunity due to the oil down cycle. They are an extremely well run company with excellent equipment and one of the leaders in their part of the industry. They have had a few HSE issues lately but that is just a abnormality to me. Not indicative of system issues. Even through the down cycle they are retaining key field personnel which is important in my mind as it will allow them to be up and running quickly should they need to. I'm thinking this will be a long term hold for me.

Any opinions?

[swampman46]

To plop down that kind of cash, you must be confident. I suppose it's got more upside than downside. I guess that's why some people make money and people like me don't. Good luck.

[I make oil]

Right now it is at $13.17. I think it's going to go up to possibly $18.00 in the near term. If it hit's $16.00 I'll sell out and take a profit.

[I make oil]

$14.15 :-). Looking good. I wonder where it will go today?

My gains are to good today. I put on a stop at $14.00. I'm not going to loose these gains.

[I make oil]

I'm out at $14.02. Not a bad days wages. :-). Think I'll have a beer.

[meaux fishing]

Originally Posted by I make oil

I'm thinking this will be a long term hold for me.

Any opinions?

Originally Posted by I make oil

I'm out at $14.02. Not a bad days wages. :-). Think I'll have a beer.

Lol... congrats

[I make oil]

I bought thru my broker. He also bought in but he recommended I put in a stop. I declined yesterday but watching it shoot up so fast today I got nervous and put one in. I got caught on a dip and viola. Lol. My broker moved his down to $13.80 and laughed at me. I'm happy though. I made over $63,000.00 in less than 24 hours. How can I complain about that? People get greedy and loose their shirts.

[I make oil]

I'll watch it and see what happens. I'm thinking I'm going to buy Chesapeake also. I'll decide over the weekend. This oil price spike is going to have lots of people taking profits this afternoon so i will watch.

[jlincecum]

I have some in Seadrill (SDRL) for the same reasons. Mine will be more of a long haul though

[I make oil]

Honestly I didn't expect this today. I saw the stock hit 11.22 yesterday and had to buy. I just couldn't believe it was that low and knew it was grossly undervalued. I didn't get it that cheap but I sure did try. It was like found money. When it jumped that high that fast today I had to take the profit. This was my best one day profit ever. I'm in Africa right now and have been celebrating my good luck tonight. It's better than winning at the casino. Feeling no pain right now. :-). The best thing is my broker set his stop at $13.80 and he got stuck at 13.75! LMAO and now it's back up to,almost $14.00!! I finally beat him on a deal. What a great day. Life is good.

[Andy C]

[QUOTE=I make oil;770807]I'll watch it and see what happens. I'm thinking I'm going to buy Chesapeake also. I'll decide over the weekend. This oil price spike is going to have lots of people taking profits this afternoon so i will watch.[/QUOTE
now you got to pay taxes and reinvest maybe cause your over there its different. I would stay away from Chesapeake, they been bought out and bank rupt more then once in tx. Maybe you know something we don't would just be way iffey on them!!

[Baychamp1]

Originally Posted by I make oil

Honestly I didn't expect this today. I saw the stock hit 11.22 yesterday and had to buy. I just couldn't believe it was that low and knew it was grossly undervalued. I didn't get it that cheap but I sure did try. It was like found money. When it jumped that high that fast today I had to take the profit. This was my best one day profit ever. I'm in Africa right now and have been celebrating my good luck tonight. It's better than winning at the casino. Feeling no pain right now. :-). The best thing is my broker set his stop at $13.80 and he got stuck at 13.75! LMAO and now it's back up to,almost $14.00!! I finally beat him on a deal. What a great day. Life is good.

Nice, nobody ever got hurt taking profits.

[Baychamp1]

At the current valuation RIG is only trading @ 1/3 of it's book value!

[I make oil]

I've been thinking about it all weekend. Kinda kicking myself a bit for taking a profit and going all out. I'm buying in again this week all be in it in a smaller way. I think I'm going to add 2000 shares to my long term portfolio.

[I make oil]

[swampman46]

You definately have your timing down, most people can't do that...nice job!

[speckleUknow]

Originally Posted by I make oil

I bought thru my broker. He also bought in but he recommended I put in a stop. I declined yesterday but watching it shoot up so fast today I got nervous and put one in. I got caught on a dip and viola. Lol. My broker moved his down to $13.80 and laughed at me. I'm happy though. I made over $63,000.00 in less than 24 hours. How can I complain about that? People get greedy and loose their shirts.

Correction- you made over $63,000 (less: short term CG tax/O.I. rate). So you made somewhere south of $53k. Still a solid *** trade tho.


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[Jrchip1]

Is Diamond ever going to recover? Transocean is a very good company from an operational standpoint.


I hope Marathon sticks around long enough for the Shale business to pick up. BP has been a downer since Macando.

[I make oil]

I think the next 6 months will be very interesting