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#1
08-28-2015, 03:10 AM
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RIG Tansocean Ltd.
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? 
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