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Miss S

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Miss S

Re: None

Tuesday, 03/28/2023 11:32:17 AM

Tuesday, March 28, 2023 11:32:17 AM

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As the price of oil and gas drop to new lows the cost of drilling remains the same the bull case for RIG is that offshore drilling is cheaper overall than on shore and the lack of Rigs available puts Transocean at an advantage for larger profit margins. My position in RIG has done very well.
Another base case for the bulls is this
https://www.deepwater.com/news/detail?ID=26831
Only observation not investment advice.. IMHO
Bullish
Bullish
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