SDRL

[hendi_alex]

I exited SDRL when the rig market started to show signs of saturation and when rig lease rates started dropping. This past Friday, I assessed the risk reward as worth a nibble and bought a few shares of SDRL $11.06, ESV at $27.27, and OIH at $34.29. Earlier shares of PSCE were bought for $26.65. It holds a mix of energy related stocks including several service companies. Now I'll just hold on to the seat of my pants and mostly wait, but will continue to slowly accumulate on additional weakness. Hopefully cash will last until capitulation takes place.