Friday, November 18, 2011

RIG (Transocean) buy for Nov 21,2011

RIG (Transocean) is by far my stock pick for Nov 21, 2011. Firstly, The Ex-dividend date for RIG is Nov 22. The dividend yield for the price at the close of Friday is %6.66. The upcomingdividend payment will offer a 1.67% return. The stock is at a 52 week low of $47.47 with a 52 week high of $85.98. This is a big profitable company that provides oil rigs. They were involved with the RIG that exploded last summer with BP. This incident has provided a lot of swinging in this trustworthy stock that has been fun to trade over and over. I am long this position.

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