August 19, 2013 4:20 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Transocean Ltd. (NYSE: RIG) today issued amonthly fleet update summary which includes new contracts, significant changesto existing contracts and changes in estimated planned out-of-service time of15 or more days since July 17, 2013. The total value of new contracts sincethe July 17, 2013 fleet status report is approximately $2.5 billion.Estimated 2013 planned out-of-service time decreased by a net 172 days;estimated 2014 planned out-of-service time increased by a net 119 days.Other highlights that confirm the company's new contracts announced on itsrecent second quarter 2013 results conference call are as follows: * Discoverer Inspiration - Awarded a five year contract extension for work in the U.S. Gulf of Mexico at a dayrate of $585,000 ($1.1 billion estimated backlog). The rig's prior dayrate was $521,000. * Discoverer Clear Leader - Awarded a four year contract extension for work in the U.S. Gulf of Mexico at a dayrate of $590,000 ($861 million estimated backlog). The rig's prior dayrate was $566,000. * GSF Galaxy I- Awarded a three year contract for work in the U.K. sector of the North Sea at an initial dayrate of $215,000 ($244 million estimated backlog). The rig's prior dayrate was $133,000 as an accommodation unit. * Transocean Barents- Awarded a one year contract for work in the Norwegian sector of the North Sea at a dayrate of $601,000 ($219 million estimated backlog). The rig's prior dayrate was $580,000. * Henry Goodrich- Awarded a nine-month contract for work offshore Eastern Canada at a dayrate of $476,000 ($129 million estimated backlog). The rig's prior dayrate was $347,000. * The company sold the deepwater floater, Transocean Richardson, which was previously stacked. The details of the transaction have not been disclosed. * Transocean Amirante is currently idle.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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