Aug. 22 at 11:26 PM
$RIG Smart Money accumulating RIG:
https://www.benzinga.com/opinion/26/08/61336217/alpha-buying-5-energy-stocks-the-smart-money-is-buying
New York-based investment firm Electron specializes in global clean energy, infrastructure, and utilities, using a long-short equity strategy designed to generate risk-adjusted returns regardless of the direction of the broader market.
It established a new position of approximately 4.65 million Transocean shares during the second quarter, worth about
$22.7 million as of June 30.
That purchase might be the most interesting signal in the entire group.
The investment manager known for studying utilities, infrastructure, and the evolution of the electricity system is allocating capital to one of the world’s major offshore drilling contractors.