if you are considering off-shore drilling companies...

RIG is a much better company with much more growth potential than any other offshore drillers. Fundamentals are amazing. RIG has one-third of the world's supply of deepwater drilling rigs. Rig also has a backlog of more than $40 billion, which is about the same as its market cap. Trading at 8.79 times its earning right now. I'm probably going to start my position soon. I will also start trimming my NE shares slowly.