Oct. 12, 2021
There were 15 insider buys by 3 insiders in June for 25.8 million shares at prices ranging from $3.97 to $4.40.
Jeremy Thigpen. “These better than anticipated results were driven largely by our continued focus on operational excellence, as evidenced by our strong uptime performance, which resulted in revenue efficiency of 98 percent.”
RIG is heavily manipulated by Short Term Traders or MM. I listened to the earnings call, there was nothing in the earnings for RIG to be down 10%. Longs just wait, RIG will be green soon. There are too many quick profit seekers out there. They eventually loose money.
RIG has $1B EBITDA and $ 2B Market Cap. RIG shares are way underpriced. This is Wall Street folks.
RIG has $1B EBITDA and $ 2B Market Cap. RIG shares are way underpriced. This is Wall Street folks.
Director https://www.nasdaq.com/market-activity/insiders/mohn-frederik-wilhelm-104430
bought about 100million bucks worth of stock in OPEN market at average 4.20 in June 2021.
He now owns about 15% of RIG
bought about 100million bucks worth of stock in OPEN market at average 4.20 in June 2021.
He now owns about 15% of RIG
Keep it simple. Going forward RIG will trade with the whole energy sector. Last 3 weeks the whole sector got killed. Once delta is under control next 3 weeks the whole sector will fly. In my opinion earnings will not make much of a difference going forward. Look at XOM, MTDR and CVX. They had solid quarters yet they went down. What matters is where oil is heading next 6 months. I say $80
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