At the depth of the oil spill crisis, I decided to buy a bunch of shares of Transocean (RIG).  I got in on the shares in the low $50′s.  I didn’t time the trade perfectly, because the shares actually went on to go into the mid/low $40′s.  On situations like this, however, you don’t have to time the trade perfectly to do very well.  I bought the shares because I’ve always liked this company, and I saw that the focus of the public and the media was on BP, not …

Off a decent quarterly report, a reiteration of the planned dividend and continued good news coming from the gulf of Mexico with regards to cleanup and progress stopping the leak by BP, Transocean (RIG) is off to the races today.  As of writing this, the stock is up 8% following a day when it was up 6%.  RIG was trading at $46 on monday and is now over $58 – up $12 or 26% in 3 days!
As I mentioned yesterday, if RIG could crack that short term resistence at the …

Great news in what looks like the oil leak is stopped for now in the Gulf. Great, great news. As we noted a few days ago, BP shares surged. RIG, which I own, also had a good day closing up a few points.  If there is a setback or the leak blows again, I’d expect a reverse of action. For now, things look promising.

Word right now is that the relief wells are getting closer and are ahead of schedule.  I heard a report this morning that expressed high confidence that the relief wells would work to stop the Gulf oil leak – they mentioned it might take a few tries, but eventually it will succeed in executing the “bottom-kill” procedure.  For the environment and the economy, we all hope that this turns out to be true.  If this is the case, and the oil spill is stopped, all efforts can be doubled …

With the Gulf oil spill continuing to dominate the talk of Americans, most of the blame has been put on BP.  Public blame could easily be put on Transocean (RIG) as well since they owned the rig that exploded back in April and led to this catastrophe. The way these things usually work out it seems is to focus on one culprit and attempt to kill off such an enemy.  This is definitely how this is playing out since we constantly hear about BP, the BP CEO, etc. rather than …

I remember my last semester in college in the spring of 2005 when oil was incredibly high at $60 a barrel. It seemed like every market analyst was freaking out. Today, oil is over $120 a barrel. With oil and other commodities getting loads of attention on CNBC and other market news resources, the question is and will continue to be for most investors: Should I invest in oil or have I already missed the run?