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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (33111)	12/23/2008 12:54:41 PM
From: Paul Senior	Read Replies (1) of 78632

Yes, I'll take a tad more RIG at current price. Still a small (but very losing) position for me. Some of the sites that report RIG numbers don't show much now. Maybe it's because of RIG's domicile change and/or name change. I can't find RIG's estimated earnings for this year and next. I am guessing $14-15/sh. I'll guess further that estimates will come down but RIG with its contracts in place, will still earn $10-11/sh. At p/e of 4 or lower on current price, that's low enough for me to still find the stock attractive. Perhaps after 2009, oil prices will be up, oil service demand strong, and RIG earnings will stay at $10-11/sh. or higher. Also adding a little to COP and BWP today.

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