This was a timely article after our recent analysis on CSX.  We believe that coal demand is likely to continue its decline as the glut of natural gas will cause utilities to take advantage of the cleaner, and less costly fossil fuel.  Also the once in a lifetime construction boom seen in China seems to...Read More

Transocean RIG has had a terrible couple of years ever since the Macondo oil spill.  Fears about liability exposure, and substantial operating difficulties due to regulatory changes resulting from the spill, have forced RIG to remove many of their most profitable offshore rigs while they are under repair. Our investment thesis has been that the...Read More