Transocean Ltd. (RIG)

[ogbull]

Would the Saudis munipulate the price of crude? Of course they would. They got the inside line on crude prices. They would pull any trick they could and have likely been doing so for decades.

Now that they've had their fun, its time for a bit on sanity.

No way are the Saudis going to give away their oil at cheap prices for much longer. Besides PEAK oil will surely come in a decade or so and crude will likely hit $200 or more. Let's just hope the world has cheap alternatives by then.

For now, $50 brent would be perfect for the world economy, and for RIG... but not the Saudis. They'll cut production even if they have to do it secretly. I'm just hoping prices don't get much higher than about $65 barrel in 2015 so that Europe, Japan, and India have a chance to recover.

Anyway, I really don't see any downside to RIG in 2015. I been following this company since 1995. It's a marvelous daytrade stock but I'm buy and hold now because I don't have enough money to daytrade and still hold my current margin position. I sold some property and will be doubling my RIG investment by the end of next week. Then maybe I go back to daytrading this puppy.

RIG is a great investment at this point. The only thing holding the ratings down is the bloody dividend. RIG needs to cancel it and then I see the stock drifting up like a hot-air balloon on a cold day.