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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32417)	10/10/2008 3:24:02 PM
From: E_K_S	Read Replies (2) of 78653

Did you notice in the McDep report all of the Deep Water Drill sites they plan to have the UDW rigs placed? I think it is going to be a bonanza for DRYs UDW Division at over $650K/day lease rates. They are going to have a total of six rigs available and it's quite possible that the day rates go higher. The nice thing is the oil companies lease these rigs on multi-year contracts (some up to 10 years!).. I picked up even more shares of DRYs this last hour and now have increased my total position by 40%. My original investment (May 2006 -before their UDW acquisition) was at $10/share which I rode up to $130 only selling enough shares to cover my seed money costs. Those round trip plays are no fun but the future looks good for this one. I do think the market is missing the hidden value Drys have to offer but this is true for a lot stocks today. EKS

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