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Gold/Mining/Energy : Transocean (RIG) -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (323)12/12/2014 10:05:56 AM
From: robert b furman  Read Replies (1) | Respond to of 366
 
Hi Jake,

I sold some 2016 13 puts for 1.75.

If rig closes below 13.00 my net cost would be 11.25.

I've tried to sell some at 10 also,but have not yet sold any.

There's a baby in that bath water I think - gulp.

Just no dividend.

Bob



To: JakeStraw who wrote (323)12/14/2014 12:41:37 PM
From: Qualified Opinion  Read Replies (1) | Respond to of 366
 
No interest due to the long term debt and new build expenditure schedule. The crash in oil prices can't help credit or customer demand. It looks like the perfect storm. Will the Fed implement some form of QE4 ?