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I bought more at $21. Won't be surprised by a dividend cut if oil prices stay this low. That's really the key. Can oil stay at these levels? Can OPEC keep pumping or will they reduce production? At this point deep water drilling is too costly relative to market price. I expect long term we'll see oil prices rise again but until then RIG won't be earning much. I still want it in my portfolio but I'm watching the oil market and RIG closely.
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