$RIG I have just been exposed to this company, and I love what I am reading. The company has already a stable balance sheet with good liquidity and credit line, it has already transformed its fleet into a much more efficient operation (2014-2021), and its order backlog through 2022 is fantastic and the price of oil on the rise. Down nearly 30% from its March peak, consolidating between $3-3.50 gives limited downside risk. MACD crossover occurred (though subtle) and RSI at 50 with stable volume. I think this is a good place to start a position.
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