Thu, Aug 28, 2014, 1:18 AM EDT - U.S. Markets open in 8 hrs 12 mins

Recent

% | $
Quotes you view appear here for quick access.

Transocean Ltd. Message Board

  • equitymanxyz equitymanxyz Oct 5, 2011 8:28 PM Flag

    Buy or Not to Buy

    Since RIG is getting close to its 4-yr low's at ~$41, I want to know whether it's the [great] buy opportunity or it may even break lower. Comparing to the low's in Dec '08 ($41.46) and June '10 ($41.39), these are my basis. Welcome other serious thoughts.

    Dec 2008: US major recession, oil price ~$35/barrel, but P/E ~5.

    June 2010: major oil leaks w/ risk ~$5-20B for RIG. US banned drilling indefinitely. Oil ~$67/barrel.

    Oct 2011 (today): potential US major recession but more distant (Europe). Oil is ~$79/barrell.

    With comparison on those major points, it's a screaming Buy to me. What do you think, seriously?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
RIG
38.59+0.07(+0.18%)Aug 27 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TubeMogul, Inc.
NasdaqGSWed, Aug 27, 2014 4:00 PM EDT
Burger King Worldwide, Inc.
NYSEWed, Aug 27, 2014 4:00 PM EDT
Williams-Sonoma Inc.
NYSEWed, Aug 27, 2014 4:01 PM EDT