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Archive for the 'RIG' Category

On July 29, we purchased:

15.372 additional shares of Garmin Ltd. (GRMN) at  $45.34
39.416 additional shares of Lowe’s Companies Inc (LOW) at $20.22
11.974 initial shares of Transocean Inc. (RIG) at $133.62

We sold 27 shares of Helmerich & Payne Inc (HP), a gas and drilling company, at $57.27 reducing the weight of this holding to 2.9%.  Transocean, [...]

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If the current high price of crude oil reflects a fundamental change in the world-wide demand for oil, as many suggest (see Sunday Washington Post article), then prospects may be bright for oil services stocks.  We have one oil services stock in our portfolio, Helmerich & Payne (HP).  The stock is at $52.90 per share, [...]

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