Jack-up rig company that was totally unaffected by the Hurricanes. Supply/Demand equation says that there will be demand for 20 more rigs in the Gulf than supply. Jack-up rig day rates could go sky high here over the next several months and quarters on renewals. Stock has over-corrected. Bought today at $25.41 http://www.forbes.com/markets/2005/...-earnings-1006markets01.html?partner=yahootix
good call! 3rd quarter earnings were at $0.40 per share vs estimates of $.21 per share. Look for it to break a 52 week high today.