CH stock · Energy sector · Oil & Gas Drilling
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Transocean Ltd.

RIGNYSE

3.90

USD
-0.09
(-2.26%)
Market Closed
-3.88P/E
-11Forward P/E
-0.15P/E to S&P500
2.656BMarket CAP
- -Div Yield
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Very dependent on how you process and your local regs. Where my farm was, the local regs wanted the entire fruiting area to be in a certified kitchen (3 compartment sink, fridge, etc),

you’ll definitely want to have a walk-in fridge bc 300lbs of oysters a week (assuming 42 lbs/ day and 100% sold daily) will take up probably 2x4x6’ of space - for the ones I grow anyway, varieties will determine it. You’ll need to follow FSMA bc 300 lbs sold weekly @ 10$ puts you way above the $25k limit for FSMA regs.

Someone on your team will need to be PCQI certified and write a HACCP for the commercial customers.

Obviously this is market dependent and some vendors/regulators/customers don’t care, but you’ll likely find yourself in this route.

That said, backyard grows are a real thing. You can definitely Gerry-rig equipment to make a small thing happen. Anything pressurized equipment (autoclave, cookers, etc) larger than a a few liters typically takes ASME stamps, which often requires electricians etc… but cowboying it is what most people do. And at $5k, pretty much everything other than freelance bookkeeping will need cowboying

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LOL, there are essential three reasons and they are all simple to understand.

  1. Supply and demand - Supply disruption due to Ukraine - Russia war, Saudi controlling output to increase profit (just look at Aramco profits) - During Covid, no demand thus supply high, resulted in lower prices at the pump. Rig count increasing so supply should improve in the next month; thus lower prices at the pump.
  2. Producers getting more $$$ for diesel
  3. Refining capacity constrain - US has not invested in new refining capacity in decades. The question is not about the pipeline, but why did Canada not invest in refining capacity - instead of moving product and pollution to the US.
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Look into medical carts you hit it 3-4 times slow in control you'll feel pretty high. Not blow torch oil rig high... but pretty high :)

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But they also rig the system by making nominal/minimal changes to the formulations so they can extend the patents and in turn their stranglehold. Shoring up policies surrounding such issues would save billions.

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I like to suggest mutual funds. FXAIX - that's a S&P 500 mutual fund. Look at that. Figure out what that is. Then look at some others that get suggested.

You can put your money (both inside the IRA and outside the IRA) in any number of mutual funds. So look and choose.

I also like gambling in stock directly. But think of it as gambling...you never know what's going to happen... like the sinking of a floating drilling rig 3 month after you buy stock in the Oil company. (yep, that's me)

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The attitude is "Every move we make should carry no risk, and if we don't win every trade, the other side is the problem and should be made illegal."

The market is risk. Without risk, any attained value is just theft. The Oligarchy just wants to rig the system so they can legally commit theft.

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One of my favorite oil stories is a guy in Indiana who was pissed off years ago at gas and oil prices. So he wondered why he didn't just drill for it himself. So he did. Put a whole rig in his backyard and was pumping $400 a day, lol. Legend.

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There have also been huge insider buys on rig. Makes me feel much more confident that they know there's something cooking behind the scenes

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I'm actually planning on buying XOM, CVX, DVN and OXY for my long portfolio, I've got a substantial amount of cash ready to grab some up on pullbacks. I'm also a big fan of ET. however, my trading account consists of TELL and RIG. I like those two stocks for trading, as well as a long term play. I'm planning on putting about 20k into those 5 names I just mentioned, but new recs are always much appreciated. I think all these names are good bets right now. TELL is personally my favorite stock rn though.

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Past performance isn't indicative of future performance. Never been a better time to make a bet on RIG, other than prior to 2008. My humble opinion

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"Transocean reported $586 million in revenue and $163 million in adjusted EBITDA. Margin expansion is a key reason to be bullish on RIG stock.

In the conference call, the company’s CEO indicated that new orders can potentially come at a day-rate of above $400,000. This will boost the company’s EBITDA margin and operating cash flows.

It’s worth noting that Transocean has 39 floaters that focus on ultra-deep water and harsh environment drilling. Its modern fleet, with an average age of 11 years, is well-positioned to secure long-term contracts.

In addition to operating rigs, the company reported 12 cold stacked rigs as of February 2022. With oil sustaining at higher levels, these rigs are likely to be operational in the next few quarters. This will imply top-line and EBITDA growth.

Overall, RIG stock has trended higher by 32% year-to-date. Considering the day-rate upside visibility, the stock is likely to double from current levels in the next few quarters.

I'll just leave this here

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I'm betting that in an unending war environment, energy prices will stay high for quite some time and companies like RIG will benefit. If the legislative branch flips in November money will pour into drillers. We need more offshore drilling, and RIG is a laggard right now. It's a good bet

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RIG is a meme stock for energy. Their margin profile is awful but the stock has a tendency to rip higher when energy prices are high. RIG is just a levered bet on oil prices going higher

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You expect Rig to go up? It's been stagnant for forever

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RIG might be one of the most stupidly undervalued stocks right now

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RIG might be one of the most stupidly undervalued stocks in this macro environment

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Only holding RIG and TELL rn. Nothing else looks good to me rn, plus funds all dried up 😅

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Liking TELL and RIG

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Liking TELL and RIG

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Good for you on making £££, I wasn’t at a stage where I was investing then so my knowledge has only developed in the last 16 months but there is no way they have closed their short positions. It’s not possible for them to buy shares to close all those positions down to 20% and have the price as it is. Wall Street obviously rig the system and I believe they have converted a huge proportion of their shorts into swaps they don’t have to report like Archeogos did before they blew up.

Only time will tell and I don’t think we are going to agree here. Either way I think it’s a great long term investment and there is no solid DD that can prove to me those short positions have closed.

Likely stock split coming up, DRS numbers increasing rapidly, shareholders not selling and institutional buy ins let alone the NFT marketplace launch coming soon… it’s all incredibly bullish

All the best with your investing

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Rig count is spiking fast. Oil will be strong for this year but it will bust.

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fuck a simulator. I am looking at a swing training rig though.

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It's designed so you don't really need customer service. Just go slow, follow the directions, and use a desktop rig with a keyboard. I had no trouble with it, and I often have trouble on websites because I get in a hurry and skip stuff.

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But it’s not what it was in December. I had a personal mining rig and was printing 200 a month. Those profits are now 80 dollars a month. Even within the crypto space you’re seeing certain assets just fall, like NFTs, altcoins, “stablecoins”., etc. if you got in extremely early pre pandemic, congratulations however. But a lot of people are getting chewed out within the pyramid

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>From your own article, production is only up 8% because of depletion of existing wells.. Hmm if only there were a department of interior that didnt cancel/restrict leases to drill new wells.

The article literally states how Biden approved more permits in his first year then Trump. It's like you keep repeating the same misinformation.

>rig count is still lower than what it was

Under which administration did the rig count go down? You guessed it Trump's.

Pointing out and highlighting a few permits that got canceled don't supersede the fact that thousands more have been handed out under Biden then Trump.

It's like saying "autonomous cars are not safe because two people in 10 years died" forgetting that on average 35k people a year die in car accidents because humans suck as driving.

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In one year only. While domestic oil production in 2021 was higher than it was in 2017, it was lower than it was in 2018, 2019 and 2020 according to federal statistics. There is more to the story when you read the facts.

https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm

From your own article, almost like they need leases with wells being depleted. Hmm if only there were a way to do that or a department of interior that didnt cancel/restrict leases.

>The drilling count may have risen by 60% over the past year, but U.S. oil production is only up by about 8%. Thus, the conclusion is that U.S oil companies aren’t drilling. As the chart shows, they certainly are, but it takes time for that drilling to produce results. At the same time, depletion of existing wells is also a factor working against the attempts to increase production.

rig count is still lower than what it was

>The second element is one that has the kernel of truth. The rig count is steadily rising, but it is still significantly below the drilling levels prior to the Covid-19 pandemic.

And you haven’t addressed biden’s 50% increase in royalties on oil. You don’t think that affects price? You don’t think restricting the alaskan petroleum reserve affects prices?

https://www.adn.com/business-economy/energy/2022/04/25/interior-to-remove-millions-of-acres-from-possible-oil-development-in-national-petroleum-reserve-alaska/

Or what about the alaska oil reserve that they cancelled https://www.reuters.com/world/us/us-ditches-trump-era-policies-arctic-alaska-oil-reserve-2022-04-26/

They sure aren’t doing anything to help prices while finger pointing and blame shifting.

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To see if the object is really there or is a picture. I was driving behind a big rig with a picture of open freeway on its rear doors. I had a cement truck drive across my lane as I was entering the freeway, camera system on the Tesla didn’t pick it up. I’ve had multiple times where it didn’t see a person on a bike. But it’s really good at seeing trash cans.

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1200 shares of TELL (tellurian) that's my whole portfolio. Got like 100 shares of RIG too lol

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The OPEC decisions and U.S. policy made in 2020 have a direct impact on the price of gas/oil today. So yeah...it's kinda important.

Also our domestic oil production and rig count is important too.

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US rig count is the lowest it’s ever been since the EIA started tracking it. And yes it is mostly due to policy risk.

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When was the last time you bought a shirt made in the USA? How about a TV? Oil, gas, lumber, and food prices are also driven by and a part of the World Economy not the US economy. If I can get oil from Argentina for $20 a barrel because they printed their inflated currency into oblivion then I'll buy from them rather than buying it at $100 a barrel down the street from a Texas oil rig. Guess how your milk got to the store? On a truck that uses oil.

Also, which currency would an Argentinian (or Canadian, European, etc.) rather hang onto for buying goods? Their own currency that is seeing 20%+ inflation or the USD which they can also use to buy goods everywhere and is only seeing 10% inflation (percentages are an example). This is why even though inflation has increased the USD is still "the lesser evil" compared to other currencies and demand for the USD continues to increase around the world.

Will that change? Will the USD lose all credibility and value? Not anytime soon but eventually yes. All of the world's strongest empires have historically collapsed or declined usually due to greedy inflationary money printing by its rulers (Rome being the prime example).

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RIG nice and green . It’s going to rip at open $4 calls a nice 2-3 bagger

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Oil up on data BP RIG gapping up

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If you want to live in a 320 sqft home that will slowly deteriorate, sure.

Orrrrr you could buy one of those 12k small houses and basically rig it up so it can be easily moved.

I mean this is your life, but this whole life revolved around what you are talking about is just a silly little tik tok millennial fantasy.

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Start of pandemic under trump, economies around the world shut down. Travel, tourism, commuting stopped. This caused as massive drop in demand of crude. This caused a massive oversupply. The oversupply, lack of commercial storage caused crude prices to go negative. First time in history for prices to go negative. Layoffs started at $45 bbl, around May 2020.

The drastic drop in demand and massive oversupply caused oil wells to get shut in. If you cant store it, you have to stop it. Rig count went from approximately 750 rigs to approximately 220 rigs. The amount of rigs drilling did not keep up with the future needs. Oil wells decline drastically around 5 months, so you need to stay ahead of the declining wells. Our Drilled but uncompleted well inventory also very low. Because of crude prices new projects were cut, ie.. pipelines, tank batteries, wells, fracs, storage etc.

All this was in 2020 before Biden got in office. Oil companies in the US and around the world cut everything. They did not and could not function at the low prices.

I can go into more detail. Types of crude, US daily consumption, US daily production. wells that get shut in and effects. pipelines that have gone in since Biden got in.

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Some can be used but it requires permits and regulatory approval before any work can be done. You can't just start chugging a rig and installing hundred long miles of pipelines underneath state and federal land without approval. And then there is the question of just how much oil can even be extracted. If the entire project is expected to cost $100 million and there is only $110 million in oil reserves that can be extracted, the ROI is not high enough to where anyone would want to start the project. And that's assuming you can even get the approval which can take years in some cases.

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That's political talk designed to deflect from how poorly his administration has handled this and to save them from the election year polls.

  1. Those land leases were already under the approval process. When these oil companies realized Biden would win, they started the process for land leasing by late 2020. If you look at the amount of land leasing approval since then, it has plumetted.
  2. Land leasing isn't the same as a drilling permit. Land leasing just means you rent the land. There are a ton of other processes that are involved. Just listing some off the top of my head...
    1. You need to construct a rig to extract and route the oil. For this, you need to build roads to transport the equipment.
    2. You need regulatory approval to start. This can take years depending on how big the project is. This can mean eminent domain, environmental concerns, local politics, etc.,
    3. You then need a federal permit after all of this is done...
    4. A land lease is like if you rent a home. Does that mean you get to start construction on the home without the owner's permission?
  3. You then have to consider that oil companies know they are on a ticking timebomb with an expiration date. Eventually, fossil fuels will not be the primary producer of energy. Thus, they have a very little financial incentive to expand on these projects because it may not be worth the investment. Why would they spend billions on a project that may or may not exist by the end of the decade?

​

Just worthy of note, land leases do not guarantee there is oil that can be extracted. It just means that you can rent the land. Even if there is oil, many of these lands will not be profitable, meaning, extracting the oil will cost more than they can sell the oil for.

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Insider buying in RIG, I love gaps!

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Oil big drawdown CVX XOM RIG all higher ah

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RIG getting bought up ah 4.20 big gap in morning on oil data

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Oil moving higher ah XOM RIG going have nice gap in am

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XOM 52 week high also in RIG calls tomorrow both rip higher

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A friend of mine died on a rig back in 2013. Damn shame.

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RIG jamming higher into close $4 calls going to be 2-3 bagger tomorrow morning

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Loading RIG $4 calls .18 easy double

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RIG broke over 4.2 $4 and 4.50 calls nice volume to upside on this move up

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Planting trees, working in mines as a labourer, truck driving, rig working, and pipelines too. All of these jobs need cooks at their remote camps too. That brings up the most coveted remote work (still has trade-offs), the cruise line staff- travel the world! (cooks,guitar players, and servers, probably dancers too).

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RIG new high day gets over 4.20 going to rip hard 4-5-4.6 area today

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Market giving back some RIG new high of day coming. $4 calls 3-4 bagger

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The plan would be to sell my wrangler as well. I could get 8-10k out it right now. And as for maintenance the XJ is actually fairly maintenance free, I use it as a trail rig.

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RIG new high of day $4 calls printing nicely

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This! My rig is a work vehicle as well, if I didn’t need a vehicle that has it’s capability I’d definitely choose something based on fuel economy.

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Ones I know off the top of my head are working on a gulf/Alaskan oil rig. It's like 2-3 months on site with like 2-3 weeks off in between. It's more manual labor and pays something like 60-80k.

There is also people that deal with high voltage electricity in dangerous spots in the middle of nowhere and they pay a ton as well.

Those are the two I remember about. There is a whole list somewhere. That are my "oh shit" backup jobs 😅

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Just go work on an oil rig for a year and you will have a sizable chunk of money to gamble with.

There are crazy high paying jobs that are not family friendly that if you lose everything you can go do and make bank on.

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Nonsense, he just wants out of the deal or to reneg. Russian trolls and other spam bot types are a reality for all social media and political threads. He pretends he has just heard of this and only thought of it after he signed the takeover deal?

Plus if he is concerned about Russian trolls, why support Trump and the far rightwing whose entire presidency and takeover of conservative media is based on and made possible b y a huge army of lying Russian trolls spamming lies 24/7. Sicne 2015 ab out 95% of pro Trump and anti democrat posts have been Russian trolls. Russia is also instrumental for the rightwing's war on elections and its tricks to try and rig and overthrow them. Certainly Musk knows all this, plus his best pal is Jack dorsey who knows everything about Twitter.

So Musk is BSing.

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XOM 52 week high today oil liftoff RIG going to 4.50 area

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BP gapping nicely watch RIG for big breakout today huge open interest in calls $4.50 $5

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I always wanted to buy a 4x4 truck, gut the transfer case, and make a DIY hybrid out of it. Could probably get a forklift motor and rig it up.

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What type of job is it that pays 80k without a degree? Because if it's something that you got by chance and normally requires a degree, then finish your degree. If it's something very hard on your body (like oil rig worker) then also consider finishing your degree because your body won't take a beating forever.

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Oxy, shel, rig

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RIG new high of day $4 calls rocking

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Sounds sick let’s see your rig

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RIG still eating upwards almost up 10% they going to jam it higher last hour

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RIG still ripping higher . 4.5-4.75 doable

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RIG about to break high of day $4 $4.50 calls getting nice volume

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Np I’m in RIG now $4 calls .14-.17 and 4.50 calls .03

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Loading RIG $4 calls .14 nice chart on this one 4.50 in few days

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RIG about to break $4 them $4 calls ripping up nicely

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Exactly. If anything, I love looking at my ring and remembering that we spent $200 on it and instead went on a tropical vacation and bought a high-end gaming rig for that same amount.

Also, I am on my second ring because I lost the first one and guess what... it wasn't a huge monetary loss (I still felt guilty about it at first so my spouse bought me a "collection" of wedding rings as a christmas gift)

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I find that people who don't understand how markets work tend to resort to "little guy can't do X because the rich rig the whole thing" and tend to go around in life with a sense of learned helplessness because of that belief.

Which comes from a willful lack of education about how markets actuay work.

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You on an oil rig or something? You know the HOA doesn’t allow that

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Being dissuaded still leaves a choice. They're still making the choice to continue to run elevated profits rather than up supply.

You are trying to make it sound like they don't have a choice based on rhetoric.

The administration stopped the lease auctions because of lack of interest. This had happened multiple times before.

You also fail to acknowledge the amount of leases that have so far gone uninvestigated because they have a surplus of them to look into.

Germany, the main source of why the embargo was slow to be upheld, figured out a way to get around it. India is still doing business with Russia for oil, as well as china.

Demand for oil/gas is down because china is under lockdowns again, but price per barrel continues to be manipulated up.

If you look up why they haven't built a single new rig in decades? They said back then it wouldn't be worth the investment.

Blame renewables, blame rhetoric, but at the end of the day the company still makes a choice. And they've chosen to continue to take in record profits. I can't blame them for wanting to do so, but their choice has a significant consequence for people globally. Absolving them of those consequences is disingenuous to everyday people.

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Oil rig?

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I'm with you on this one. But you see why there isn't stock discussions. The comments for this stock is it's not profitable so RIG=UBER so you are bad...

Transocean is established 1953, that's 70years of being in the business, they are on top of their game in terms of innovation, their business model is dead simple you rent some rigs so when oil goes up, margins go up. Oil price goes up when demand is high, supply is low, if you have 20 rigs and demand is for 40 you increase the rent price 2x so demand drops to 20 rigs on that price. You just keep the balance so you have 95% rigs in operations.
In short it's a leveraged bet on oil prices.

What people miss/forget is that their TANGIBLE equity is 10bn, market cap is 2.3bn..... This is one of the few companies that actually has real assets in inflationary market.

They were recently beat up by covid, and now with the energy crysis + covid over I am expecting the company to turn around. And for it to turn around it literally takes for them to get 2-5 more customers and increase their prices with some % depending on oil price action.

However if they don't turn around they will have to sell assets to cover debt or get more expensive debt and will slowly bleed until bankrupt.

As you've said risk/reward profile is different from most companies but it looks great to me.

My position on RIG is actually CALL options @ 4.5 expiring Jan 2023. And I plan to reroll them up to 2024 around August September this year if they don't print.

EZ 5x banger for me /s

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Yeah, I looked back at my post and I should have worded that better. By "simultaneously" I meant in the sense that I'm consistently working 2 full-time (40 hours/week) jobs, and not something like an oil rig worker where I work half the year at one, and a half at another, or something odd of the sorts.

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Awesome! I'm glad you got it straightened out!!! Congrats on the new rig!!!!

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It’s only abuse because people buy the shit he is selling. No one forced you to buy Tesla or Twitter just because he tweeted about it.

As I said in another reply. Cramer, Wall Street and mass media do this every day, and they even literally rig the markets from within. And has done this for decades. And the same people getting their investment tactics from Musks tweets are probably the ones defending Wall Street aswell. It’s just weird observing it tbh.

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OP, you have a car buying problem. The solution is not to buy another car.

If the only problem with the Jeep is electrical/lights, you could jury rig it to work for $100 until you can afford to fix it. You could leave the Toyota alone for a few months and drive your jury rigged Jeep until you can afford to fix it.

If you’re in the red each month, sell the Toyota. If you’re in the black but an emergency comes up, THEN sell the Toyota. If you aren’t 100% committed to the Toyota and can sell it for a profit, just do that and move on.

Not trying to be a richard, but this seems like a manufactured problem that you designed so you could get another new car.

If you are committed to the Toyota, maybe talk to your parents. Would they loan you money in an emergency to hold you over until you sold the Toyota? Personally, two cars seems wasteful. But I also have a ‘99 Jeep MoneyPitTM so I know the feeling.

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That would put a vital policy instrument completely in the hands of the private sector. Left-wing statist politicians at least would never allow it.

The Fed is a banking cartel, and while state-led cartel is bad, private cartel may be even worse. Some crony-capitalist elements in the private sector might collude to rig the powerful Fed position to manipulate the markets in their favor.

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Just knowing what Blackrock and Citadel did shows the lengths they will to rig the game...

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We practically lost all of our oil production. We’ve since doubled our rig count since he left office but it takes a while to actually make usable product

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nope, fracking has a high depeletion rate, rig count doesn't mean shit, no company is ramping production right now

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Rig count in the US is up. Oil might go down in a month or two because of that. We're still pumping 1 million barrels of oil a day less than 2019

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And yet the oil rig count has doubled since he took office and only gone up the entire time. You’re just repeating nonsense talking points

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Consdier moving somewhere that pays a high premium for crappyness. An oil rig or an Alaska fish cannery. Both jobs suck because of location, inhospitality, etc. So they pay you more money to get you to stay. Otherwise an Associates degree is also a great idea. Or perhaps being an apprentice Plumber/welder/carpenter, etc.

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I sold all of my Bitcoin / my mining rig in 2011 at the time I thought that was the top I made some decent money, obviously would have done better if I held on but I’ve got no regrets

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Depends on local zoning and ordinances. But don't buy a trailer. Those things are money pits. They literally never increase in value. If you just want a small home, build a small home.

As for living in the ass-end of bumblefuck some things to consider.

  1. You will need a septic system
  2. You will likely be reliant on a propane tank for gas heat
  3. You will need a well for water
  4. If you want internet you're looking at an unlimited data cell plan, or satellite.

Living in the ass-end of bumblefuck isn't the "escape" most people think it is. It's cheaper but also has many drawbacks.

> pour myself into a job like trucking.

Have you considered just getting a luxury sleeper? They're not cheap but it's basically a mobile apartment. And if you plan on doing trucking you can be an owner-operator and make significantly more money, but it does mean you have to pay for your rig and all the maintenance.

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I do use laundromat with coins. I would not use laundromat with cc. I dont trust cc in small places, because there is a larger chance that that cc reader is rigged. Also laundromat usage is somewhat stigmatized for whatever reason, so its better to keep it off the cc records, so that counts too.

With coins you risk that you will get washers instead of coins. With cc reader i, the user, risk that someone rigged the cc reader. And I risk to loose all of my money from cc. And small places do not bother to check their cc readers anywhere as often as big places. Also from my point of view a risk that you consiously will sell off an option to rig the cc reader. Since you have no reputation to loose, but rigged cc can be more profitable than months of legit operation. This may be wrong, but im trying to explain how cc readers are seen by the public.

How common is this level of paranoya? Not sure. But i guess it is significant. This will directly translate to having less customers.

Alternative that i've seen is scannable tickets, that are bought with cash in nearby shop. You will need to pay cc fees anyway. Probably you can agree for a nearby shop to sell these tickets for a fee comparable to a cc fee.

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You don't have to rig shit to make the printer go brrr, just look at the last 14 years.

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The number of rigs in operation is separate from the amount of oil being produced, which is still near all-time highs (~40% above the rig count peak in 1981), and from the industry's capacity to produce more if they were willing to risk their capital to do so. Instead, they are buying back shares. It is their right to do that, but it is also their choice.

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You’d think by now that even the dullest of the human bovine in the economics world would have detected it by now. The seasons of economics aren’t some mysterious force of nature and chance. Much like fattening up a good angus cow, the market slowly but surely lures the commoner into the web, and once all the cows are tipping the scales- welp the slaughter house wasn’t built for break-glass situations. Blame what you want, insider trading and big biz has always come out further and further ahead every time. It’s voluntary feudalism. Instead of the kings men shaking down the peasants and rolling through the country side claiming prima nocta, they just set up a casino and coerce you into the game. Only it’s not just a card game with set rules and set odds. They count the cards, see the cards in everyone’s hands, rig the cards, slight of hand the cards and sometimes even just shut the table down and seize the money. It takes one well educated window licker to recite and believe all the bs excuses throughout the last 100 years when the economy shuts the bed and everyone loses except those that built the casino.

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Hey idiots, or retards or whatever the fuck you want to call yourselves. Why don’t you stop losing all your fucking money in bullshit companies? Doesn’t it bother you your bank accounts suck? You think your holdings in these dumbass companies are going to magically turn around back to ATHs after being down 60, 70, 80, 90%?! Trillion Energy. A REAL company. Natural gas in the SASB in Turkey. Drilling in July and will have wells online with REAL cash flow by the end of the year. Already a viable company. Already has the infrastructure. Already ordered the rig. Can you dig it? I said, Can you dig it?! CAN YOU DIG IT??!!!!!!!!

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Increased energy costs, corn tanking…Gonna be some good deals on some powerful computers when every idiot with a miner rig has to sell it to pay rent

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Yee it's enough to get you by and worst case they always sell on eBay. If you've raced before/like cars, I'd still say get a rig once you move lol. It's such a nice getaway and makes me feel less degen than other games

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Honestly could go with a Logitech g29/whatever the new one is for cheap to see if you like it/are that invested. Then again for some people the g29 is too much of a pain in the ass and makes racing not fun. I barely raced with the g29 but once I got a full rig I've been much more inclined since I don't have to set shit up everytime. I have a fanatec dd1, it's good. Customer service is good and I haven't had any issues, for whatever that's worth to ya

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I am STILL a buyer because I have hope. I have hope in the split and that the company LONG term will be a great company. I believe in Ryan.

I keep seeing these vague terms of service on both Fidelity (my big money) and my Robinhood (my gambling) that indicate they don't have to pay due to varying circumstances. I have also seen sketchy things on both platforms in their tos that basically says 'if something corrupt happens, preventing us from getting paid, you won't get paid'. Like, let's say Shitadel goes bk, Fidelity ain't on the hook for the squeeze. They are rewriting their legal risks because they know they are all cheats together. It's like the insurance companies in flood zones, how they mis-label floods so you don't get paid. Sure we all could have a class action suit but we would get peanuts. Billionaires always rig it in their favor, and I believe this is the same case. I believe Robinhood was ordered to remove the buy button by someone who is a billionaire and nobody at the senate did shit. Strange ain't it? Lots of finger waving by Maxine, but no real compensatory damage for the apes like me. They got off scott free, what do you think will happen the next time?

Hypothetically, if during the recall, the whole thing blows up in their faces and they financially cant buy back all those shares, the stock would freeze, and an investigation would place everything on hold indefinitely. Lawyers would get involved, people would throw their arms in the air, and retail would get fucked again. It happend with Dole Pineapple where there were 'too many' short shares to rebuy and the SEC or DTCC basically fucked a bunch of retail investors and the lawyers went along with it.

Still, I like the stock, and will buy.

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All hail to Rivian puts and RIG calls

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The worst part are the morons who don't even know the data, can't accept a correction and just down-vote in silence.

Then you have OP over here arguing against the baseline affect on a 1 year time frame, instead using a 2 year time frame which captures 2020 when the economy shut down. If I remember correctly we might have even had negative numbers at that time. So of course the difference in change will be even higher. The difference between spring 2020 and spring 2021 is why the RATE started moving higher in the first place. He's literally changing the CPI measurements to fit his gay bear agenda. And he's probably one of those people claiming the government would rig the numbers.

I can't stand brainlet economists on this sub. I knew well over a month ago CPI was going to peak when the press was freaking out about inflation, simply because we're starting to compare with higher baseline figures from last year, which makes new highs in the inflation RATE this year much more difficult. If inflation simply flat lines or tapers off, the rate is going to fall.

$TLT is currently UP on this news. That should tell you what the bond market thinks about these numbers. I was heavy energy last year and now I'm building a big call position in bonds.

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Am I missing something? Why is RIG not an incredible shirt squeeze???

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I listened to a guy who is one of the biggest collectors in the world do about a 2 hour interview and it was pretty interesting. I also was collecting cards in the late 80s/90s.

What cracked me up was some of the ways that people found to rig the system. Like there were some early special insert cards that weighed more than a regular card and if people had good enough scales they could weigh a pack and tell if it had an insert card in it.

The ways the little card shops would rip people off. They would open the packs take the value cards out and then put the junk in clear plastic bags and print off headers to staple to the top of the bag and make it look legit. Some were good enough to open packs and pull the good cards out, replace them with other cards and seal the packs back up without people being able to notice.

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$rig Another winning alert based on our custom ThinkorSwim script. 🔗 https://t.co/r9VtI7538c
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