August 31, 2021 | RIG stock: My $15,000 US dollars position | How to invest as a value investor? | Two year | Better to be a long term investor

RIG stock: My $15,000 US dollars position | How to invest as a value investor?

Aug. 31, 2021

Introduction

I like to solve the problem of gambling on my last 10 years full time savings around $64,000 Canadian dollars. I like to put 50% into stock market, and take risk to lose 50% in order for me to learn how business works in pandemic, GTE and RIG, and track how those business performs to work with investors. 

My RIG position | Up and down | Market swing | What is next? 

I thought about missing rebound of TEVA 20%, and then decided to invest $15,000 dollars on RIG stock at price $3.67/ share, and then it went up $600, and then went down $3000 dollars, and then recovered the loss. 

I learn how to calm myself and do nothing, and then track what is going on about market. I like to learn how market works this dramatic swing, most investors cut loss and sell RIG stocks. RIG stock price went down to $2.8/ share, and I only purchase 100 more shares in my IRA Ameritrade.com USA account at lower price $2.8/ share. 

I do not like to gamble, since I have worry about bankruptcy of RIG, if delta variant slows down everything. But if it is the case, then I should not worry about money. I should worry about more important things in my life. 

If I do not purchase 4000 shares of RIG, then I will not spend two hours to read RIG quarterly report. I chose to invest on commodity, since it is easy to calculate compared to other business. I like to start from a simple business like oil industry. 

My homework | 50+ oil stocks | My tracking tool 

I also like to track 100 oil stocks, since I know some of oil stock may have very good articles to read under Yahoo -> Finance. I spent a few hours to put together a portfolio in June 2020, and then I named it nicely today so I can lookup more often. 

Reading is No. 1 important as an equity researcher 

I like to read more articles about stocks, so that I can make some bets more often on those $15,000 US dollars. 

Comparison to GTE stock

I also hold 20,000 shares of GTE with around $4000 Canadian dollar loss. I just could not believe that small business is so risky to invest and also it is not shame to lose my capital, I should at least understand one business. 

Follow up 

Feb. 8, 2023

RIG stock price is above $7/ share, only less than 2 years after I wrote the blog. 

It is a good deal to purchase 10000 shares at lowest price as possible ($2.4/ share in Sept. 23. 2022), and then hold it until 2 years or price much higher ($7/ share)

RIG stock: My $15,000 US dollars position | How to invest as a value investor?

Aug. 31, 2021

Introduction

I like to solve the problem of gambling on my last 10 years full time savings around $64,000 Canadian dollars. I like to put 50% into stock market, and take risk to lose 50% in order for me to learn how business works in pandemic, GTE and RIG, and track how those business performs to work with investors. 

My RIG position | Up and down | Market swing | What is next? 

I thought about missing rebound of TEVA 20%, and then decided to invest $15,000 dollars on RIG stock at price $3.67/ share, and then it went up $600, and then went down $3000 dollars, and then recovered the loss. 

I learn how to calm myself and do nothing, and then track what is going on about market. I like to learn how market works this dramatic swing, most investors cut loss and sell RIG stocks. RIG stock price went down to $2.8/ share, and I only purchase 100 more shares in my IRA Ameritrade.com USA account at lower price $2.8/ share. 

I do not like to gamble, since I have worry about bankruptcy of RIG, if delta variant slows down everything. But if it is the case, then I should not worry about money. I should worry about more important things in my life. 

If I do not purchase 4000 shares of RIG, then I will not spend two hours to read RIG quarterly report. I chose to invest on commodity, since it is easy to calculate compared to other business. I like to start from a simple business like oil industry. 

My homework | 50+ oil stocks | My tracking tool 

I also like to track 100 oil stocks, since I know some of oil stock may have very good articles to read under Yahoo -> Finance. I spent a few hours to put together a portfolio in June 2020, and then I named it nicely today so I can lookup more often. 

Reading is No. 1 important as an equity researcher 

I like to read more articles about stocks, so that I can make some bets more often on those $15,000 US dollars. 

Comparison to GTE stock

I also hold 20,000 shares of GTE with around $4000 Canadian dollar loss. I just could not believe that small business is so risky to invest and also it is not shame to lose my capital, I should at least understand one business. 

Follow up 

Feb. 8, 2023

RIG stock price is above $7/ share, only less than 2 years after I wrote the blog. 

It is a good deal to purchase 10000 shares at lowest price as possible ($2.4/ share in Sept. 23. 2022), and then hold it until 2 years or price much higher ($7/ share)

RIG stock: 15 Best Penny Stocks to Buy Now | Insider monkey | Hedge fund sentiment around penny stocks

Aug. 19, 2021

Who are we?

Insider Monkey is one of the fastest growing financial research websites on the web, read by 1.5 million people every month.

Our research is headed by Ian Dogan who is a former fund manager, holding a Ph.D. in the field. We partnered with Marketwatch and created the Marketwatch/Insider Monkey Billionaire Hedge Fund Index.

Here is the article. 

In this article, we discuss the 15 best penny stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Penny Stocks to Buy Now.

Retail investors who do not have the billions of dollars that institutional investors have access to often look towards penny stocks as an entry into the world of investing. This strategy often proves to be fruitful since research on small companies and the growth potential they offer is a tried and tested way of understanding how the market functions. Although it is not often that penny stocks lead investors to the next Amazon.com, Inc. (NASDAQ: AMZN) or Facebook, Inc. (NASDAQ: FB), they do offer the chance for short-term handsome returns owing to their volatility.

To put this into perspective, consider how market giants like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA) were all in the penny stock range not too long ago. These stocks have gained 3,277%, 590%, 54%, 3,043% over the past twelve months, respectively, representing the explosive growth potential that good penny stocks can offer to those investors who are willing to take the time to analyze small companies.

Some of the best penny stocks to buy now include Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), among others discussed in detail below. According to news platform CNBC, the explosion in stock volumes over the past two years has also helped push penny stocks higher. A CNBC report from January 2021 highlighted how the average daily volume of the market has gone up from 7 billion in 2019, to almost 11 billion in 2020, and stood at over 14 billion at the beginning of 2021.

The influx of retail investors and the equities they favor have had a huge impact on the overall market dynamics. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

With this context in mind, here is our list of the 15 best penny stocks to buy now. We chose stocks of companies working on products and services having long-term growth potential.

We also took into account analyst ratings and research reports to gauge market sentiment for these stocks. These stocks were ranked according to the number of hedge fund holders in each stock. Even though hedge funds are not big fans of penny stocks, data of 873 hedge funds tracked by Insider Monkey was used to gauge hedge fund sentiment around each company.

All the stocks mentioned below have a share price below $5.

Best Penny Stocks to Buy Now

15. PowerBand Solutions Inc. (OTC: PWWBF)

Number of Hedge Fund Holders: N/A

PowerBand Solutions Inc. (OTC: PWWBF) is a technology company that markets software and financing solutions. It is placed fifteenth on our list of 15 best penny stocks to buy now. The firm is based in Canada and primarily serves the automotive industry. In earnings results for the first half of the fiscal year, posted on August 18, the company reported a revenue of $7.6 million, up more than 645% compared to the revenue over the same period last year. It has a market cap of $138 million and posted $2.3 million in revenue in 2020.

Some of the products marketed by PowerBand Solutions Inc. (OTC: PWWBF) include LiveNet Auction, Marketplace Auction, Dynamic Appraisal, PowerDesk, IntellaCar, and DRIVRZLane, among others. It is headquartered in Burlington.

On July 12, PowerBand Solutions Inc. (OTC: PWWBF) reported a 31% increase in June gross revenue. The growth was attributed to the increase in lease originations that grew from just 69 in late 2020 to over 216 in the next six months.

Just like Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), PowerBand Solutions Inc. (OTC: PWWBF) is one of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA).

14. HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT)

Number of Hedge Fund Holders: N/A

HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) is ranked fourteenth on our list of 15 best penny stocks to buy now. The company operates from Canada and engages in cryptocurrency mining operations. It was founded in 1987 as Leeta Gold Corp but changed the name to HIVE Technologies in 2017 to concentrate on crypto mining. On August 13, the firm announced that it had ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies as part of a plan to upgrade mining equipment. The share price surged 6.4% after the announcement.

On July 30, HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) announced that it had achieved an annual run rate of $200 million based on the current prices of Bitcoin and Ethereum. The firm also revealed the purchase of 4,000 miners for the purpose.

HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) has a market cap of $1 billion and posted close to $30 million in revenue last year. The shares were approved for listing on the NASDAQ exchange in June this year.

13. Verb Technology Company, Inc. (NASDAQ: VERB)

Number of hedge fund holders: 3

Verb Technology Company, Inc. (NASDAQ: VERB) is placed thirteenth on our list of 15 best penny stocks to buy now. It is a Utah-based software firm. The company is one of the most mentioned stocks on Reddit forums. From June to July 15, the stock registered an incredible 160% rally before taking a breather in the coming weeks.

On July 23, investment advisory Alliance Global reiterated a Buy rating on Verb Technology Company, Inc. (NASDAQ: VERB) stock and raised the price target to $4 from $2.75, underlining that the firm was over the development stage and now entering monetization phase.

At the end of the second quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $710,000 million in Verb Technology Company, Inc. (NASDAQ: VERB), the same as in the previous quarter worth $195,000.

12. Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)

Number of Hedge Fund Holders: 6

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is Greece-based international shipping company. It is ranked twelfth on our list of 15 best penny stocks to buy now. It operates a fleet of 11 Capesize vessels. On August 11, the share price of the firm soared by more than 3% after the board announced plans for a share repurchase worth $17 million. The firm has a market cap of $183 million and posted $63 million in revenue last year. The firm primarily engages in the transportation of iron ore and coal.

In March, investment advisory Noble Capital upgraded Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) stock to Outperform from Market Perform with a price target of $1.50, noting that the pullback in share price of the firm was an attractive buying opportunity.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $3.9 million in Seanergy Maritime Holdings Corp. (NASDAQ: SHIP), up from 3 in the previous quarter worth $2.1 million.

11. Ideanomics, Inc. (NASDAQ: IDEX)

Number of Hedge Fund Holders: 6

Price as of August 13, 2021: $2.40

Ideanomics, Inc. (NASDAQ: IDEX) is a New York-based company that concentrates on providing fintech services for the adoption of electric vehicles. It is placed eleventh on our list of 15 best penny stocks to buy now. In earnings results for the second quarter, posted on August 16, the company reported a revenue of more than $33 million, up 606% compared to the revenue over the same period last year and beating market estimates by $2.2 million. The gross profit over the period was $9.3 million, representing a gross margin of 28%.

In April, investment advisory Roth Capital assumed coverage of Ideanomics, Inc. (NASDAQ: IDEX) stock with a Buy rating and a price target of $7, highlighting that the firm was targeting emerging opportunities in the electric vehicle space.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $34 million in Ideanomics, Inc. (NASDAQ: IDEX), down from 7 in the preceding quarter worth $20 million.

In addition to Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), Ideanomics, Inc. (NASDAQ: IDEX) is one of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA).

10. Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

Number of Hedge Fund Holders: 7

Electrameccanica Vehicles Corp. (NASDAQ: SOLO) is ranked tenth on our list of 15 best penny stocks to buy now. The firm is based in Canada and makes and sells electric vehicles. In earnings results for the second quarter, posted on August 11, the company reported a revenue of $0.3 million, beating market predictions by $0.21 million. In late June, the company had filed for a mixed shelf offering to raise $750 million for use in sales, marketing, capital, and product development expenditures.

On May 12, Electrameccanica Vehicles Corp. (NASDAQ: SOLO) announced the start of construction on a new assembly and technical center in Arizona that is spread over 18 acres of land and includes a manufacturing plant as well.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Electrameccanica Vehicles Corp. (NASDAQ: SOLO) with 1 million shares worth more than $4.7 million.

9. Exela Technologies, Inc. (NASDAQ: XELA)

Number of Hedge Fund Holders: 7

Exela Technologies, Inc. (NASDAQ: XELA) is placed ninth on our list of 15 best penny stocks to buy now. It is based in Texas and markets digital processing solutions. On August 11, the firm announced that it would be extending a strategic agreement signed with a healthcare firm that utilized the technology and operational capability of the former in a contract worth $7.5 million. The firm has a market cap of $165 million and posted more than $1.2 billion in revenue last year. The short interest on the stock is 18.9%.

On June 2, investment advisory Cantor Fitzgerald initiated coverage of Exela Technologies, Inc. (NASDAQ: XELA) stock with an Overweight rating and a price target of $4, noting the improvement in basic business fundamentals of the firm.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $7.5 million in Exela Technologies, Inc. (NASDAQ: XELA), down from 8 in the previous quarter worth $10 million.

8. eMagin Corporation (NYSE: EMAN)

Number of Hedge Fund Holders: 6

eMagin Corporation (NYSE: EMAN) is a New York-based company that makes and sells products used by the virtual imaging industry. It is placed eighth on our list of 15 best penny stocks to buy now. In earnings results for the second quarter, posted on August 12, the company reported earnings per share of $0.00, beating market predictions by $0.03. The revenue over the period was $6.3 million, down close to 18% year-on-year and missing estimates by $1.4 million.

In March, investment advisory HC Wainwright maintained a Buy rating on eMagin Corporation (NYSE: EMAN) stock and raised the price target to $5 from $2, noting that the firm was well positioned for the rest of the fiscal year.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $4 million in eMagin Corporation (NYSE: EMAN), down from 9 in the preceding quarter worth $5.9 million.

Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ) are some of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA), in addition to eMagin Corporation (NYSE: EMAN).

7. Sesen Bio, Inc. (NASDAQ: SESN)

Number of Hedge Fund Holders: 10

Sesen Bio, Inc. (NASDAQ: SESN) is a Cambridge-based biotechnology company that focuses on the development of targeted fusion protein therapies for cancer patients. It is ranked seventh on our list of 15 best penny stocks to buy now. The firm was founded in 2008. It has a market cap of $295 million and posted $11 million in revenue last year. The short interest on the stock is over 10% and the volume is 7,053,750. The company was formerly known as Eleven Biotherapeutics but changed the name in 2018.

On August 17, investment advisory Canaccord reiterated a Buy rating on Sesen Bio, Inc. (NASDAQ: SESN) stock but lowered the price target to $3 from $7, noting that the firm was expected to address concerns about a drug in a regulatory meeting soon.

At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $46 million in Sesen Bio, Inc. (NASDAQ: SESN), down from 11 in the preceding quarter worth $35 million.

6. Trivago N.V. (NASDAQ: TRVG)

Number of Hedge Fund Holders: 10

Trivago N.V. (NASDAQ: TRVG) is placed sixth on our list of 15 best penny stocks to buy now. The firm is based in Germany. It owns and operates a hotel search platform. The firm hosts information about 5 million hotels and offers access to local websites and applications in 32 different languages. In earnings results for the second quarter, posted on July 29, the firm reported a revenue of €95 million. In the corresponding period last year, the revenue had been slightly more than €16 million.

On May 5, investment advisory Mizuho maintained a Buy rating on Trivago N.V. (NASDAQ: TRVG) stock and raised the price target to $4 from $2.70, noting that an improved outlook for the firm was expected in light of lifting of travel restrictions.

At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $67 million in Trivago N.V. (NASDAQ: TRVG), the same as in the preceding quarter worth $84 million.

In this article, we discuss the 5 best penny stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 15 Best Penny Stocks to Buy Now.

5. Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO)

Number of Hedge Fund Holders: 12   

Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) is ranked fifth on our list of 15 best penny stocks to buy now. The company operates from Ohio and makes and sells biopharmaceutical products. On August 11, the company posted earnings for the second quarter, reporting earnings per share of -$0.09, beating market estimates by $0.31. The cash and cash equivalents over the period were close to $37 million at the end of the second quarter. The firm has a market cap of over $109 million. 

On July 8, investment advisory HC Wainwright upgraded Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) stock to Buy from Neutral with a price target of $22, noting that the firm was on a path to self-sustainability. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm OrbiMed Advisors is a leading shareholder in Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) with 5.1 million shares worth more than $6.7 million. 

4. VEON Ltd. (NASDAQ: VEON)

Number of Hedge Fund Holders: 13    

VEON Ltd. (NASDAQ: VEON) is a Netherlands-based company that markets telecommunication and mobile services. It is ranked fourth on our list of 15 best penny stocks to buy now. It has a market cap of $2.7 billion and posted more than $7.8 billion in revenue last year. The company serves more than 200 million customers spread over countries such as Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, and Georgia, among others. It markets services under the Beeline, Kyivstar, and Jazz brands. 

On June 17, investment advisory UBS upgraded VEON Ltd. (NASDAQ: VEON) stock to Buy from Neutral and raised the price target to $2.40 from $1.65. Ondrej Cabejsek, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $51 million in VEON Ltd. (NASDAQ: VEON), up from 8 in the previous quarter worth $20 million.

3. CarLotz, Inc. (NASDAQ: LOTZ)

Number of Hedge Fund Holders: 16

CarLotz, Inc. (NASDAQ: LOTZ) is a Virginia-based firm that owns and runs a used vehicle marketplace. It is placed third on our list of 15 best penny stocks to buy now. The firm was founded in 2011. It serves many different types of customers in the US which include corporate partners, fleet leasing companies, rental car firms, banks, wholesalers, original equipment manufacturers, and retailers, among others. The company operates ten used vehicle hubs for business across the US. 

CarLotz, Inc. (NASDAQ: LOTZ) has a market cap of over $458 million and posted $118 million in revenue last year. In earnings results for the second quarter, posted on August 9, the firm reported a revenue of $50 million, up 93% year-on-year and beating estimates by $2.6 million. 

At the end of the second quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $48 million in CarLotz, Inc. (NASDAQ: LOTZ), down from 19 in the preceding quarter worth $106 million.

2. IAMGOLD Corporation (NYSE: IAG)

Number of Hedge Fund Holders: 19

IAMGOLD Corporation (NYSE: IAG) is ranked second on our list of 15 best penny stocks to buy now. The firm is based in Canada. It develops and operates gold mining properties. On August 5, the company posted earnings for the second quarter, reporting earnings per share of -$0.01, beating market estimates by $0.01. The revenue over the period was $265 million, down 6% compared to the revenue over the same period last year. However, the firm provided improved guidance numbers for the third quarter in the earnings report. 

On July 16, investment advisory National Bank maintained an Outperform rating on IAMGOLD Corporation (NYSE: IAG) stock but lowered the price target to C$6 from C$6.25. John Sclodnick, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $124 million in IAMGOLD Corporation (NYSE: IAG), down from 22 the preceding quarter worth $134 million.

1. Transocean Ltd. (NYSE: RIG)

Number of Hedge Fund Holders: 27 

Transocean Ltd. (NYSE: RIG) is placed first on our list of 15 best penny stocks to buy now. The company is headquartered in Switzerland and markets offshore drilling services. The company operates a fleet of 37 mobile offshore drilling units. The company posted earnings for the second quarter on August 2, reporting a revenue of $713 million, beating market predictions by $29 million. The revenue efficiency over the period was 98%, up 0.6% year-on-year. According to the July 2021 Fleet Status report, the contract backlog stood at $7.3 billion. 

Transocean Ltd. (NYSE: RIG) has a market cap of more than $2 billion and posted $3 billion in revenue last year. It was founded in 1926. The short interest on the stock is 9.9% and the volume is 1,125,121. 

At the end of the second quarter of 2021, 27 hedge funds in the database of Insider Monkey held stakes worth $313 million in Transocean Ltd. (NYSE: RIG), up from 20 in the preceding quarter worth $148 million.

Click to continue reading and see 5 Best Penny Stocks to Buy Now.

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Disclose. None. 15 Best Penny Stocks to Buy Now is originally published on Insider Monkey.

 

IRG stock: Second quarter earning loss | 10% loss | My lessons

Yahoo -> Finance -> Conversation

 Thigpen concluded: “As we enter the back half of this year, we remain encouraged by the upcycle that is currently unfolding. Assuming oil prices remain supportive, we see utilization and dayrates for our ultra-deepwater assets materially improving as we move into 2022.”

The earnings are not great but they are good. Operating cash flows have significantly improved due to increase in operating efficiencies, which is good going forward. Once institutions start buying in couple of days, RIG should go over 4 dollars soon.

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

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

15 hours ago

During the quarter, we took meaningful steps to improve our liquidity by agreeing to delay delivery and payment of our two newbuild drillships, the Deepwater Atlas and the Deepwater Titan, ultimately deferring over $450 million of near-term capex. Additionally, we further improved our liquidity through the initiation of our ATM program that provides us with additional optionality. We will remain pragmatic yet disciplined in using this tool now and in the future.”

Thigpen concluded: “As we enter the back half of this year, we remain encouraged by the upcycle that is currently unfolding. Assuming oil prices remain supportive, we see utilization and dayrates for our ultra-deepwater assets materially improving as we move into 2022.”

1 hour ago

With all the trillions of dollars being pumped all over the world, and with lending down,
Money will go to hard assets: real estate, commodities etc… as gold moves up the value of barrels per oz of gold goes down meaning that oil become cheaper in gold terms. So eventually money will flow to oil just because it is better to own a hard asset like oil barrels, either the untapped reserves or extracted and in storage than hold plain dollars being eaten by inflation

RIG stock: 10 reasons to invest RIG stock in this market - July 31, 2021

July 31, 2021

I like to learn more about RIG as a company. I did purchase 4000 shares of RIG before 2nd quarter earning date August 2, 2021. 

My research | 10 reasons

I like to follow up more reading about RIG stock, and at least I found one so far. The analyst recently upgraded the target price from $3.5 to $4.0. 

My past research 

10 reasons I am top researcher in the world | equity research | business analysis | wealth building

 Feb. 24, 2021

Introduction

I am a single 55 years old with 5 year blogging experience. I am patient and learn how to invest on stock market. Last few days I tried to work on RIG stock and then I did think about more research on this RIG, and then I looked into oil drilling industry, I found a stock in the sector with 8000% return. I suddenly figured out what is the best research work. I will be the best equity researcher. 

10 reasons 

I like to write down 10 reasons I am the best equity researcher. 

I understood my weakness. I was not open to consider to purchase those stocks underneath 1 US dollars in 2020. I worried about my 10 years saving to invest on those stocks. I only consider stocks with capital more than 1 billion dollars. I just could not be humble to consider all possible research I can do. 

It is important for me to consider those stocks going up 80 times in one year. Do not chase those hot stocks every one knows called ZOOM or biomedical stocks. I should do my own research and evaluate what are possible if there is a good news about vaccine of pandemic virus. 

Go back to 10 reasons

1. I am a good thinker. Independent, with little knowledge about my bias. But after this first stage, I will become more open to new ideas; 
2. I learn very well Yahoo -> Finance -> portfolio, which becomes my fastest prototyping tool to investigate stocks. 
3. I built all template portfolio for Yahoo -> Finance -> portfolio. 
4. I also keep push myself to learn more about equity, trend, and also focus on my greedy issue. 
5. More will be added later.