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This along with many other things that have happened over the weekend in the Middle East could all keep oil well supported and heading higher near-term.

Sean a while back you recommended not averaging down on RIG and DO. Is that still your recommendation with oil firming up? Thanks

Correct. I believe they both rise as oil rises for DO and as Brazil continues to recover for the electricity company, CIG. But these companies now have too much debt relative to their market caps for averaging down. So that’s my stance on adding to it unless you’re willing to speculate on them by adding, which carries more risks.