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  #1  
Old 08-28-2015, 03:10 AM
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Default 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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Old 08-28-2015, 07:46 AM
swampman46 swampman46 is offline
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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.
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Old 08-28-2015, 08:56 AM
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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.
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Old 08-28-2015, 10:52 AM
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$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.
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Old 08-28-2015, 11:51 AM
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I'm out at $14.02. Not a bad days wages. :-). Think I'll have a beer.
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Old 08-28-2015, 11:55 AM
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Quote:
Originally Posted by I make oil View Post
I'm thinking this will be a long term hold for me.

Any opinions?

Quote:
Originally Posted by I make oil View Post
I'm out at $14.02. Not a bad days wages. :-). Think I'll have a beer.
Lol... congrats
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  #7  
Old 08-28-2015, 12:03 PM
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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.
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  #8  
Old 08-28-2015, 12:07 PM
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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.
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  #9  
Old 08-28-2015, 02:05 PM
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I have some in Seadrill (SDRL) for the same reasons. Mine will be more of a long haul though
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  #10  
Old 08-28-2015, 03:33 PM
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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.
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  #11  
Old 08-28-2015, 04:13 PM
Andy C Andy C is online now
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[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!!
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Old 08-30-2015, 06:37 PM
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Quote:
Originally Posted by I make oil View Post
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.
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  #13  
Old 08-30-2015, 08:29 PM
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At the current valuation RIG is only trading @ 1/3 of it's book value!
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  #14  
Old 08-30-2015, 11:01 PM
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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.
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  #15  
Old 09-16-2015, 12:11 PM
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  #16  
Old 09-16-2015, 06:37 PM
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You definately have your timing down, most people can't do that...nice job!
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  #17  
Old 12-16-2016, 07:39 PM
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Quote:
Originally Posted by I make oil View Post
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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  #18  
Old 12-19-2016, 09:26 AM
Jrchip1 Jrchip1 is offline
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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.
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  #19  
Old 12-19-2016, 11:24 PM
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I think the next 6 months will be very interesting
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