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Re: JPK1 post# 384

Monday, 05/03/2010 1:11:21 PM

Monday, May 03, 2010 1:11:21 PM

Post# of 4138
I think if there is a play to be made with this unfortunate situation, it is RIG.

They were leasing the platform to BP. BP has a problem, Haliburton has a problem, and Cameron especially has a problem.

But except for the loss of this one platform (insured?) Transocean really has probably the least of the problems associated with this disaster.

Trading at a P/E of 7, this is really looking attractive.
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