I have 2,500 shares of HERO and not considering selling any of it until it hits 6 which I know won't be until the sector turns around. I think this bounce is due mostly to a 5 year drilling contract they announced on a newbuild at a really solid rate, and also their fleet status report which is like the other ones we've been seeing....decent report without any big surprises and certainly nothing as alarming as the bearish analysts were predicting. to show you how crazy things have gotten in the sector, Hero operates around 38 rigs plus 24 liftboats. The newbuild contract they just signed is for 5 years and has a total value of 420 million. The entire company at this point has a market cap of 700 million. So with all those other 38 rigs plus 24 lifeboats, one single contract is worth 60% of the entire market cap. That's crazy! This should be a 6 dollar stock immediately and even then would be a big bargain.