McDermott International Inc. (MCDIF)

[jugs]

I might have agreed awhile back but can't ignore that energy has climbed back down into the cesspool of low prices from which it earlier staged a partial recovery. There's not much of a disconnect here---oil rises, so do we. Conversely, oil drops.....

Our earlier calls for an impressive share valuation were based on an expectation regarding oil's pricing. With some conspicuously invasive economic slowing down over much of the planet, I can think of no reason for us MDR folks NOT to be affected similarly.

Still, I sold some last week to enable the adding of ALDW and I'm watching for opportunities to repurchase at least some of the shares I sold. But I need to see a price that will preserve my selling point of several days ago.

Perhaps we could look at things developing as though on a slower canvas and not the fast motion to which we're more accustomed? It may be November before we are safely out of the sub-$5 zone. Then again it might be February of 2017 before we're able to sense a workable pattern.

Nothing in nature ever stays the same, we are constantly reminded. I know I have to repeatedly check my pulse to make sure I'm neither dead nor over-expecting. lol