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I wouldn't listen to anything Jim Cramer says too closely. His investing strategy may work for him, but every time I have listened to him I've gotten burned, and conversely, the times in which my opinion has differed with his, I've profited.

The contracts going into 2012 are assured money for years to come for RIG, which I think of as a good thing. As we all know, RIG has more equipment than is in use right now, so if more lucrative day-rate offers arise, they have the equipment to fill the order. I like RIG's positioning in the market right now, especially with the price of oil climbing.
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