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Transocean Ltd. Message Board

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  • simpleawright simpleawright May 30, 2012 3:16 PM Flag

    Got another buy at 42

    OK, heres how you make money. If you think RIG is worth a lot more than what it is trading now AND, you did your homework, start buying. You will have to ignore the noise on this board though. It will make you go crazy if you dont. It makes no difference how low it goes because if you do think it is worth more AND you put in all the proper time researching RIGs worth, then, you will make good money holding RIG. Based on earnings this year and next years projected earnings, RIG is worth north of $67 with a mere PE of 15-16. Since the energy complex has been on the skids since right after the beginning if the year, the time to start getting in is now. The market sometimes goes to the extreme when all they look at is oil and nothing else. You got to search out value. Dont 'buy' the noise that most always scares out the meek. GLTA

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15.92-0.42(-2.57%)2:03 PMEDT