As previously announce, today we just received our dividend check from TransOcean (RIGN.VX), based on the 7000 shares we own, we receive a nice check of 5250CHF, this dividend are free of Tax as it is a cash distribution.
We have decided to reinvest this money into RIGN.VX, based on the current price it will increase our position by 400 shares.
I am very confident that the energy market will recover and that the theoretical loss that we have now, will transform in great opportunity in the future.
So we will re-invest every quarter the dividend received.
Who believes in Energy companies at the moment and invest in them?