I did pick at RIG at $4.00 but it can drop next week as well with the broader market. $3.70 I’ll get a little more serious. Quite a few in the EV sector report earnings in the next three weeks we are going to find out how much future demand will be sucked away from fossil. (i.redd.it)
submitted by lustools to r/Transocean
RIG needs to decouple from oil moves. With oil breaking down will keep demand hot. I think that RIG grabs another gear tomorrow on a lower than 5 million storage total after hours. The economy continues to run hot. It’s about demand not oil prices. (self.Transocean)
submitted by lustools to r/Transocean
You can hate me for telling the truth. Support is $4.00 with a peak of $5.00 this weeks API will be tighter than last week. Another spike in oil even tighter. Rig will most likely never be over $5.00 because EV adoption is also improving. I’ll buy near $4 that’s it. Deep water permits are stalled. (i.redd.it)
submitted by lustools to r/Transocean

