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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Aggie who wrote (13134)	11/17/2012 3:11:02 PM
From: JimisJim	Respond to of 34328

Oh, I agree completely wrt RIG... it's still a good swing trader, but for DGI investing I own SDRL. I have worked with Transocean for many years. Their deepwater fleet is as advanced as SDRL or ESV or you name it. The acquisition of the jackup fleet during their last mega merger was like taking on an anchor at just the wrong time. Part of why they did that was to get rid of a competitor. Otherwise it made no sense since the market for non-deep/ultra deepwater rigs is not growing... indeed it has been shrinking. The mid-shallow water fleet at RIG is what skews the average age of their rigs/platforms, otherwise it is still a dominant force in deep-ultra-deepwater operations with the largest fleet of such high spec rigs. And their high spec rigs are as modern as any. However, as I posted before, I only swing trade RIG... SDRL is the right choice for a divvy growth portfolio.