Long
Ocean Rig Is Looking Like A Real Monster Buy
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.