RDC
Long RowanBullish price structure. Ideal stop below 17. 4x ev/ebitda.
Healthy cash flow and balance sheet.
Joint venture with Saudi Aramco.
Long RDCRowan has a joint venture with Saudi Aramco. Cash flow is healthy and enough backlog to sustain through 2020 imo. 3.5x ev/ebitda.
Long DOLong DO, offshore driller owned by Loews. Most bullish offshore chart. Holding tenken-sen on the weekly.
RDC support playRDC came to a support level on the daily chart and price action tells us that buyers overwhelmed the suppliers, and so this stock should go up in the near future.
