Ocean Rig is a big play. Seems like we are correcting for a big buy the dip. I could be wrong but ORIG has some good financials around revenue. Despite Oil prices declining, this company still manage to show a profit of $80m down from $250m, the reason, good cost reduction, tells me this company has solid management, that can anticipate downturns and have the balls to act.
As Oil makes a recovery ORIG is one of my definite buys. It will be a solid gainer. It is a question of when not if.
As Oil makes a recovery ORIG is one of my definite buys. It will be a solid gainer. It is a question of when not if.
