Derek,

Excellent post!!

I missed the first RIG bus (2004-early 08) and saw some RIG coming along Friday at 49.50 so I jumped on. Haven't owned the stock for many years, although I had it for a long time and was regular on the RIG board, - holding RIG and DO - in the 1990's. IMO with a great company like this with its position in the industry and the fundamentals as they are and as you have noted, we can just relax, and (periodically) enjoy the ride. It may be bumpy at times, but in these markets, what isn't??

All the best.

jz