Comments on Fund My Mutual Fund: Transocean (RIG) a Piece of Green in a Sea of Red

the "in the bag" 20-25% growth is rather amazing. ...

2008-07-08T14:22:00.000-04:00

the "in the bag" 20-25% growth is rather amazing. you'd think a stock like that would have a higher PE/PEG. But it doesnt.

Alot of the news is out with ATW on that recent signing. They don't have many rigs, and I dont think they have any in the 10,000ft range. But it seems like the 5000ft area is getting good pricing power.

Entire group has broken 50 day MA - even the "not ...

2008-07-08T14:06:00.000-04:00

Entire group has broken 50 day MA - even the "not so deep but still attached to hip bone of PBR" NE, except 1 name.

ATW

Now the question is does it follow the rest into the abyss. I believe so. But you have to like the relative strength and believe it means something on the way up.

Looking at RIG, PDE, DO, NE for comparisons.

There is something to be said for almost "in the b...

2008-07-08T14:03:00.000-04:00

There is something to be said for almost "in the bag" 20-25% annual appreciation over a 5 year period. These are the type of names to do that.

Granted not as sexy as other groups but no one asks if your cash is sexy at the bank teller. Remember, NOV is helping build all these rigs. Also worth your look.

exactly. I think this is a great sector.. plenty...

2008-07-08T13:25:00.000-04:00

exactly. I think this is a great sector.. plenty of visibity. The PEG/PE will always be low, but the E will rise consistently. My limit buy is at 130 right now. Will it get there? I don't know. But I sure hope so. If oil comes off, I don't see why we wouldnt get that chance.

reaaaaaaaally hoping RIG hits 135 to really load u...

2008-07-08T12:50:00.000-04:00

reaaaaaaaally hoping RIG hits 135 to really load up.

the whole drilling space has low PEG's and PE's for that matter. what's been interesting is even after watching RIG's share price run up and up, the PEG/PE never really get too inflated. slow and steady is fine by me

I think RIG will always have a low PEG. It just c...

2008-07-08T11:42:00.000-04:00

I think RIG will always have a low PEG. It just can't grow fast enough to satisfy the growth fund guys. And they do have alot of contracted rigs out, a long long way. There have a pretty diversified schedule of "free agents" coming up, so there doesnt seem to be a point which makes this a screaming buy in terms of new contract signs in bulk. But it will be a stable grower of earnings.

Actually, I was hoping to see day rates of 700+k for 10,000ft rigs.