Great post! I have been following RIG for years. I think the fundamentals are also showing some good upside potential given the demand for rigs are increasing as seen by some recent increases in daily lease prices. It will be interesting to see if they can achieve pricing power with the amount of oil is US strategic reserves. Thanks for the TA!
No problem, yeah RIG has great upside for a lot of reasons. I don't think the reserves should have much affect with them as they supply the rigs to drill for oil and are not the ones actually selling it. Also we have seen oil prices rise steadily this year so a good sign for all companies in the energy sector.