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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?

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