Rigs Could Be Your Best Energy-Trade Platform By Jim Cramer About this article: Now that the smoke has cleared on the oil and gas stocks and they are viewed as having some upside at last, it is time to consider what happened during the big selloff. First, the cost of renting a rig went up. That's right, it went up. You probably didn't even notice it, but the Brazilians, which had shunned deepwater drilling that needs Transocean rigs, came back in and came back in big. The analysts weren't oblivious, they talked about how RIG will have too much cash and will have to find creative ways to return it to shareholders. Meanwhile, you saw the article about Freeport-McMoRan drilling deep, again something that, if it hit, would need more Transocean drilling platforms. You also got a monster quarter from Lufkin, something nobody seemed to care about, even as this largely oilfield pumping unit company is really an important part... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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