Jack-up rig company that was totally unaffected by the Hurricanes. Supply/Demand equation says that there will be demand for 20 more rigs in the Gulf than supply.
Jack-up rig day rates could go sky high here over the next several months and quarters on renewals.
Stock has over-corrected.
Bought today at $25.41
http://www.forbes.com/markets/2005/...-earnings-1006markets01.html?partner=yahootix
Jack-up rig day rates could go sky high here over the next several months and quarters on renewals.
Stock has over-corrected.
Bought today at $25.41
http://www.forbes.com/markets/2005/...-earnings-1006markets01.html?partner=yahootix