My friend was contemplating buying some RIG shares for the long term, so he asked me whether Transocean pays dividends or not. I didn't know what to answer, see, the short answer is Transocean doesn't pay dividends.
However, that answer can be modified...
I used to take the public transit last year, and sometimes, yo do actually get to overhear some interesting conversations. One of these conversations was between 2 university students, apparently both were taking an investment course, and one of them was...
We all have witnessed how oil prices jumped dramatically in the past few months. We also know that Libya's instability should have had little effect on current oil prices, but we also know why oil prices spiked: Speculation.
Speculation is a very...
I have analyzed the price of BP a while ago, and I concluded that a fair price for this stock is around $44, when crude (NYMEX) is around $80 (BP's stock is directly related to crude price). But now crude is trading at $107, and BP is trading at $44.76. I...
February 22, 2011 | In: Energy
As you may already know, there is a lot of political instability all over the MENA region, this time in Libya, the country with the largest oil reserves in Africa. As an investor who's (probably like anyone else) currently trading oil, I was very...
RIG, as I've stated before, is one of my favorite stocks. A month ago, I argued that it was undervalued, along with other offshore drilling stocks, but is it still undervalued? Is it not, at the current price of over $80, a bit overvalued?
Let's...
December 21, 2010 | In: Energy
One of the few stocks that I really love is RIG. I was checking it today to see if it's at a "buy" price. The price was $69.71, which I feel is an attractive price, but not that attractive. However, when you look at RIG's P/E (9.06), the current stock...
I bought some HOD's at $8.23 a piece last week. I thought it was a good price, until, of course, GS thought otherwise. As you may probably know, oil broke the $90 level in the span of a few days, thanks to GS's prediction of oil hitting $110 next year,...
November 28, 2010 | In: Energy
I am starting now to shift into commodities as the predictability and the stability are much better than other equities (finances, pharmaceuticals, etc..). Two stocks I have discovered and started trading lately are HOU and HOD.
HOU is the Horizons...
Of course we all know about the blame circus that happened after the rig explosion in the Gulf of Mexico. The government blamed BP, BP blamed Transocean (and everyone else), and, of course, Transocean blamed BP. BP and RIG fell to a low of $26.75 and...