Transocean Ltd. (RIG)

[ogbull]

The Iran deal is no threat to crude prices. Even if ratified, it still does not take effect until July. It also has the big snap-back clause that says all the sanctions return if Iran cheats. Iran needs the major producers to come in and drill. Who will be ready to spend a billion dollars if the snap-back clause can put them out of business? What bank will be willing to loan money? Iran has a long way to go to raise oil production. Brent will reach $75 by August 1st, 2015; WTI will reach $70. And RIG will be selling for $25. Time to load up.