Where is this oil breakdown? When will it occur? I still keep thinking that people should recognize that there has been a huge cessation in drilling and we are simply dealing, once again, with a glitch in the system where refining is behind and oil is brimming in storage. More important, it isn't like we are in a situation where the lack of drilling can last. All week I have been debating the merits of Transocean (RIG), the best-acting stock in the book, with one of the best charts, and one that is blessed by both Dan Fitzpatrick and Doug Kass, and my colleague Matt Horween, who works with me to investigate stocks and their balance sheets. I have been dubious about RIG only because as rigs come off contract they will not be renewed at the ridiculously high rates that they were set at during the multiyear run-up in oil. That said, it is because of that fear you have a 4-times-earnings stock. It is the rough equivalent of a drug company with key expensive drugs going off patent. The major difference, which I should have pointed out on "Mad Money," is that the rigs don't go "generic" -- they just get less expensive to rent. The idea of $700,000-a-day rates is probably over. But that doesn't mean there won't be $500,000-a-day rates in 2012 ... or higher if oil goes up higher. There are not a lot of new deepwater rigs being built, because those orders are being canceled. It is very hard to cancel a RIG order because of the big down payment. I am willing to make a case for Transocean, not on the rig dayrates but because I simply don't believe that oil is so awash around the globe that oil can stay down here, even with diminished demand. Only three countries are exploring now as aggressively as they were six months ago: Brazil, Algeria and Libya. That's really about it. The national oils are really all that matters. The big integrateds just don't have enough exploration potential to affect the price. So, I get the story. I am partial to Schlumberger (SLB) because it is really well run and it also has long-term contracts, but they aren't anywhere as ironclad as RIG's. Therefore, I bless RIG, too. Reluctantly, because it has much more volatility. But if I think oil's going higher, why fight the chart or the tape?

From a recent Mad Money show:"He is bullish on the company, which he says is into the business of redoing the areas around schools."

From a recent Mad Money show:"He says it is uniquely set up to be a winner in the computerized medical records business. He's a buyer of the stock."

From a recent Mad Money show:"He's concerned about the big move on the stock this week. He wants investors to ring the register on it."

From a recent Mad Money show:"He doesn't trust the dividend and says way too much of its drug business is going generic. He said to sell."

From a recent Mad Money show:"He historically has liked the stock and says it's nice to be in it for some good yield."

From a recent Mad Money show:"He doesn't like the stock, adding it's time to take some profits."

From a recent Mad Money show:"Although the stock is a terrific way to play the road-building business, it isn't going to benefit very much from the stimulus package, which offers little for such projects, he said. He said to sell."