I would rather say good time to stay away from this stock for long term, reasons are very obvious, debt level, gloomy business environment and oil prices Even oil prices recover, it will take some time for oil-rich-countries to pump in money for new exploration activities, add to it high volatility of this stock. If you ask me than I would wait for 700 levels or below to enter, I`d definitely buy ABAN but not at this level - peace...

can anybody tell me the long term target for this stock. Have entered at 800 levels and can hold for 2 to 3 yrs....

Now that the stock has taken support, it is likely to move upwards. Good time to accumulate for long term....

Hi dont see why the order cancellation is a negative for Aban. The rig is stil depolyed till May 2010 and it is very likely that Aban will negotiate a contract and depoly it at even higher rates for the period afeter May 2010. With crude prices on the rise again the order cancellation is a blessing in disguise for Aban. If u already have this stock keep on holding for a medium term target of 1450 and a long term target of 2110...

chartically this stock is poised to breakout upwards in the next 2 trading sessions and head towards 41 as the first target and then 50.80 and 62 in a period of 2 months. ...

Keep accumulating this stock as you will not get this price again. The stock should rebounce from 1020 or in a worse case 978 levels and should head towards 1420 as its first target....

The last 2 days have given a great chance to enter this stock if u were left out. accumulate as much as you can and hold on for the roller coaster ride to 2000....