Replies to post #384 on Transocean Ltd. (RIG)

[Porgie Tirebiter]

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.