The number of oil and gas rigs active in the U.S. fell another 87 units to 1,456 that means lost jobs. Go Oil!
Source weekly survey from Baker Hughes (NYSE:BHI)
Baker Hughes Rig Count Overview & Summary Count
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NYSE:PGN Paragon Offshore PLC
Noble Corporation Completes Spin-Off Of Paragon Offshore and it goes to crap!
Found this in Barron’s Winners and Losers section it was listed as a winner. Wish I found this last week to buy at 2, o-well. Will watch
Down and out but Insider Buying , I love Insider Buying! Link
Director J Robinson West purchased 10,500 shares of the stock on the open market in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $2.95 per share, with a total value of $30,975.00. Following the completion of the acquisition, the director now directly owns 51,280 shares of the company’s stock, valued at approximately $151,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this Link
Bad news
Equities research analysts at Jefferies Group lowered their price target on shares of Paragon Offshore PLC (NYSE:PGN) from $3.00 to $2.00 Link
This is a Risky play but could pay off big if they have ok earnings on February 19 and oil keeps going up
Nice Chart
Paragon Offshore plc is a provider of offshore drilling units serving the oil and gas industry. The Company’s fleet consists of 42 mobile offshore drilling units (MODUs) (34 jackups, five drillships and three semisubmersibles), one floating production, storage and offtake (FPSO) and conduct contract labor operations on the Hibernia Platform offshore eastern Canada. The Company also performs drilling operations on the Hibernia Platform offshore Eastern Canada. It operates in hydrocarbon-producing geographies worldwide, including Mexico, Brazil, the North Sea, West Africa, the Middle East, India and Southeast Asia. On August 1, 2014, Noble Corporation plc (Noble) completed the separation and spin-off of its offshore drilling business (the Spin-off) through a pro rata distribution of all of the ordinary shares of its wholly owned subsidiary, Paragon Offshore plc (Paragon Offshore), a public limited company incorporated under the laws of England and Wales.
Look at all the gains from UCO and UWTI, REN is the big winner
| Stock | Shares | Buy Price | Price | Profit | % | Date Bought | Date Sold |
| REN | 1000 | 0.77 | 1.21 | $440.00 | 57.14 | 1/20/2015 | |
| REN | 1000 | 0.79 | 1.21 | $420.00 | 53.16 | 1/20/2015 | |
| UWTI | 700 | 2.69 | 3.7 | $707.00 | 37.55 | 1/26/2015 | |
| UWTI | 700 | 2.62 | 3.7 | $756.00 | 41.22 | 1/26/2015 | |
| UCO | 150 | 8.15 | 9.08 | $139.50 | 11.41 | 1/9/2015 | |
| UCO | 150 | 8.48 | 9.08 | $90.00 | 7.08 | 1/9/2015 | |
| UCO | 150 | 7.7 | 9.08 | $207.00 | 17.92 | 1/14/2015 | |
| UCO | 150 | 7.65 | 9.08 | $214.50 | 18.69 | 1/14/2015 | |
| UWTI | 500 | 2.52 | 3.51 | $495.00 | 39.29 | 1/28/2015 | 2/5/2015 |
| Gain | $3,469.00 |
NYSE:NKA Niska Gas Storage Partners
Almost all Bad news not in the face
Lots of downgrades
Moody’s downgrades Niska’s CFR to Caa1; Negative Outlook Link
Zacks cut shares from a neutral rating to an underperform rating, $2.70 price target on the stock Link
I almost bought at 2.88 and would have sold at 4 but missed the jump, now I’m glad.
I would buy if it goes below $1 
Dog
Stock Market Musing 