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Re: jugs post# 514

Saturday, 12/10/2016 12:11:40 PM

Saturday, December 10, 2016 12:11:40 PM

Post# of 617
OPTIMISM... This article says its an optimistic tide that lifted boats, but the counter point from analysts is included. Monday may be the rotation out of this with a nice 101.35% gain for 2016.

Offshore service stocks jumped on Friday without any news to drive the rally, with RigNet joining the likes of Seadrill Partners (NYSE:SDLP) and others in a double-digit rally. It is a bit of a head-scratcher given that oil only rose 1.3% to roughly $51.50 per barrel, which is quite tame for crude these days -- and still left it half a percentage point in the red for the week. If anything, today's offshore-focused rally seems to be fueled by the optimism that market conditions will improve in 2017 as a result of OPEC's deal to cut its production.

That said, analysts have a different view, with FBR recently saying that the "cycle will not turn until late 2017" at the earliest.


link:
http://www.fool.com/investing/2016/12/09/rignet-incs-stock-caught-fire-on-friday.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2

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