Transocean Inc.

RIG-N

NYSE:RIG

5.71
0.08 (1.42%)
Transocean Ltd. is one of the world's largest offshore drilling contractors and is based in Vernier, Switzerland.
More at Wikipedia

Analysis and Opinions about RIG-N

Signal
Opinion
Expert
SELL STRENGTH
SELL STRENGTH
September 26, 2018

A very choppy chart. Trade it. It's on the upswing now, so be ready to unload it.

Transocean Inc. (RIG-N)
September 26, 2018

A very choppy chart. Trade it. It's on the upswing now, so be ready to unload it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$13.530
Owned
Unknown
DON'T BUY
DON'T BUY
February 12, 2018

It's stuck below $10. Flatlined for so long. Wouldn't buy it.

Transocean Inc. (RIG-N)
February 12, 2018

It's stuck below $10. Flatlined for so long. Wouldn't buy it.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$9.510
Owned
Unknown
DON'T BUY
DON'T BUY
August 9, 2017

This is definitely on the whippy end of the spectrum for drillers. Ultimately, you really have to believe that energy is turning. He doesn’t see sufficient evidence to make that claim.

Transocean Inc. (RIG-N)
August 9, 2017

This is definitely on the whippy end of the spectrum for drillers. Ultimately, you really have to believe that energy is turning. He doesn’t see sufficient evidence to make that claim.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$8.320
Owned
No
COMMENT
COMMENT
March 21, 2017

The whole energy complex is falling today. There are concerns that people priced in too much growth in some of the pro-growth policies Mr. Trump wants to push, which are going to come later and more diluted. However, this is a survivor in energy and is the go-to company when it comes to deep-water drilling. Energy prices are still too cheap, and over the long haul they are going to drift higher, and this company will be a beneficiary. You could use pullbacks like this to add to your position.

Transocean Inc. (RIG-N)
March 21, 2017

The whole energy complex is falling today. There are concerns that people priced in too much growth in some of the pro-growth policies Mr. Trump wants to push, which are going to come later and more diluted. However, this is a survivor in energy and is the go-to company when it comes to deep-water drilling. Energy prices are still too cheap, and over the long haul they are going to drift higher, and this company will be a beneficiary. You could use pullbacks like this to add to your position.

David Dietze
Founder, Pres. & Chief Investment Strategist, Point View Wealth Management
Price
$12.210
Owned
Unknown
DON'T BUY
DON'T BUY
October 5, 2015

It is a rig company and so is suffering badly. It is bleeding cash right now. It is too early to get into the oil related sector and this is a risky type of company.

Transocean Inc. (RIG-N)
October 5, 2015

It is a rig company and so is suffering badly. It is bleeding cash right now. It is too early to get into the oil related sector and this is a risky type of company.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$14.690
Owned
Unknown
WEAK BUY
WEAK BUY
April 16, 2015

One issue with these companies is where does oil go? This was trading at some value below the value of their actual rigs out there. He believes oil will be higher over the longer-term and this is a good company. If you compare the volatility over the next little while, it will do well and you can see a reasonable rate of return on it. Probably worth buying at these levels.

Transocean Inc. (RIG-N)
April 16, 2015

One issue with these companies is where does oil go? This was trading at some value below the value of their actual rigs out there. He believes oil will be higher over the longer-term and this is a good company. If you compare the volatility over the next little while, it will do well and you can see a reasonable rate of return on it. Probably worth buying at these levels.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$18.600
Owned
Unknown
DON'T BUY
DON'T BUY
April 1, 2015

These stocks have been hammered down because they are dependent on others. This is well-run and there has been some consolidation. Expects there will be some near-term negatives before you see the ultimate positives.

These stocks have been hammered down because they are dependent on others. This is well-run and there has been some consolidation. Expects there will be some near-term negatives before you see the ultimate positives.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$14.720
Owned
Unknown
WAIT
WAIT
March 12, 2015

Big in offshore drilling. You could make a case that the value of the rigs is worth more than the share price right now. Oil/gas business is in a difficult environment, especially on the offshore side where costs are much higher. Expects oil will go down a little bit more when you will have a better opportunity to buy it.

Transocean Inc. (RIG-N)
March 12, 2015

Big in offshore drilling. You could make a case that the value of the rigs is worth more than the share price right now. Oil/gas business is in a difficult environment, especially on the offshore side where costs are much higher. Expects oil will go down a little bit more when you will have a better opportunity to buy it.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$14.270
Owned
Unknown
SELL
SELL
December 3, 2014

As of last week, this traded under his EVB -3 at $24.61 and is now down to $19.90. His strategy suggests that there will be some large write-offs coming. The dividend is not safe.

Transocean Inc. (RIG-N)
December 3, 2014

As of last week, this traded under his EVB -3 at $24.61 and is now down to $19.90. His strategy suggests that there will be some large write-offs coming. The dividend is not safe.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$19.570
Owned
No
SELL
SELL
November 21, 2014

Looking at what is happening in offshore drilling right now, there is still too much supply and pricing is coming down. Thinks the company has been mismanaged for the last couple of years.

Transocean Inc. (RIG-N)
November 21, 2014

Looking at what is happening in offshore drilling right now, there is still too much supply and pricing is coming down. Thinks the company has been mismanaged for the last couple of years.

John Zechner
Chairman, J. Zechner & Assoc
Price
$25.930
Owned
No
HOLD
HOLD
November 13, 2014

Gigantic off shore driller. It is suffering as are all the drillers. They took a write down on assets from when they were buying new rigs that were expensive in comparison to today’s. 8 times earnings, but there is no catalyst right now. They are tidying themselves up and it might mean a re-adjustment to their dividend as well.

Transocean Inc. (RIG-N)
November 13, 2014

Gigantic off shore driller. It is suffering as are all the drillers. They took a write down on assets from when they were buying new rigs that were expensive in comparison to today’s. 8 times earnings, but there is no catalyst right now. They are tidying themselves up and it might mean a re-adjustment to their dividend as well.

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$26.290
Owned
Unknown
COMMENT
COMMENT
November 3, 2014

Drillers have probably been unduly punished, but it is not a surprise. They are affected by long dated events. The big oil corporations make capital allocation and expenditure decisions many, many years in advance. With oil prices dropping in the $80 range, there is a lot of fear that these drillers are going to lose contracts and have idle rigs. Management has been questioned as they have done some questionable things. He prefers Ensco (ESV-N) whose fleet is much newer and their utilization rates are much higher at 96%.

Transocean Inc. (RIG-N)
November 3, 2014

Drillers have probably been unduly punished, but it is not a surprise. They are affected by long dated events. The big oil corporations make capital allocation and expenditure decisions many, many years in advance. With oil prices dropping in the $80 range, there is a lot of fear that these drillers are going to lose contracts and have idle rigs. Management has been questioned as they have done some questionable things. He prefers Ensco (ESV-N) whose fleet is much newer and their utilization rates are much higher at 96%.

Gordon Reid
President, GoodReid Investment Counsel
Price
$28.870
Owned
No
WATCH
WATCH
October 20, 2014

The stock has been cut in half from a year ago and is very attractive here because somewhere here oil bottoms. This stock could see more volatility and fall another 20%, but look out 5 years and it is very attractive.

Transocean Inc. (RIG-N)
October 20, 2014

The stock has been cut in half from a year ago and is very attractive here because somewhere here oil bottoms. This stock could see more volatility and fall another 20%, but look out 5 years and it is very attractive.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$29.320
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2014

When looking at drillers, you have to ask about utilization rates. You also have to look at day rates, how much they’re getting for their rigs. The whole industry has been in a bit of a downward trend and he thinks it has gone too far. It is sort of built on the fact that it is very, very costly to do offshore drilling and we have greater and greater opportunities for energy recovery on land based facilities. There will be an opportunity for these companies. His favourite is Ensco (ESV-N), which has the youngest fleet. Also, they made a very strategic buy of Pride at the depths of the last cycle. Because they have the youngest fleet, the utilization rates tend to be higher because they are not in dry dock for repairs as often. Trades at about 10X. Pays a 5.9% dividend.

Transocean Inc. (RIG-N)
August 20, 2014

When looking at drillers, you have to ask about utilization rates. You also have to look at day rates, how much they’re getting for their rigs. The whole industry has been in a bit of a downward trend and he thinks it has gone too far. It is sort of built on the fact that it is very, very costly to do offshore drilling and we have greater and greater opportunities for energy recovery on land based facilities. There will be an opportunity for these companies. His favourite is Ensco (ESV-N), which has the youngest fleet. Also, they made a very strategic buy of Pride at the depths of the last cycle. Because they have the youngest fleet, the utilization rates tend to be higher because they are not in dry dock for repairs as often. Trades at about 10X. Pays a 5.9% dividend.

Gordon Reid
President, GoodReid Investment Counsel
Price
$38.720
Owned
No
DON'T BUY
DON'T BUY
November 1, 2013

This is a name that is worthwhile doing research on but doesn’t feel this is the right opportunity to Buy. Has a lot of hair on it and an older class fleet. One with a much better balance sheet and a much better driller would be Ensco (ESV-N). This gives you the protection of the balance sheet and a management team that is the best in class fleet. Doesn’t feel offshore drilling is a place you want to be.

Transocean Inc. (RIG-N)
November 1, 2013

This is a name that is worthwhile doing research on but doesn’t feel this is the right opportunity to Buy. Has a lot of hair on it and an older class fleet. One with a much better balance sheet and a much better driller would be Ensco (ESV-N). This gives you the protection of the balance sheet and a management team that is the best in class fleet. Doesn’t feel offshore drilling is a place you want to be.

Stuart Hinshelwood
US Equities Specialist, BMO Nesbitt Burns
Price
$47.560
Owned
No
COMMENT
COMMENT
September 11, 2013

From a drilling point of view, there is a decent backlog. Day rates are very expensive right now and for the ultra deep rigs there is a bit of a shortage. This is a sector that he is looking at. It tends to be a trade because it is highly cyclical.

Transocean Inc. (RIG-N)
September 11, 2013

From a drilling point of view, there is a decent backlog. Day rates are very expensive right now and for the ultra deep rigs there is a bit of a shortage. This is a sector that he is looking at. It tends to be a trade because it is highly cyclical.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$47.580
Owned
No
DON'T BUY
DON'T BUY
July 25, 2012
Regarding oil, he sees Brent closing the year at around $100 and WTI somewhere in the $90 range. Ultra deep water drillers are able to book in a little bit better rates so he sees better opportunities for drillers like Diamond Offshore (DO-N) or Ensco (ESV-N), which are trading at better valuations.
Regarding oil, he sees Brent closing the year at around $100 and WTI somewhere in the $90 range. Ultra deep water drillers are able to book in a little bit better rates so he sees better opportunities for drillers like Diamond Offshore (DO-N) or Ensco (ESV-N), which are trading at better valuations.
Mohsin Bashir
VP Investments, Stone Asset Management
Price
$45.190
Owned
Unknown
DON'T BUY
DON'T BUY
May 9, 2012
Just sold his position. Has been quite disappointed in management for several months. Mid-2011 declared a very large dividend, distributing cash to shareholders and then went out and raised cash. This didn't make a lot of sense. (See Top Picks.)
Just sold his position. Has been quite disappointed in management for several months. Mid-2011 declared a very large dividend, distributing cash to shareholders and then went out and raised cash. This didn't make a lot of sense. (See Top Picks.)
Gordon Reid
President, GoodReid Investment Counsel
Price
$46.630
Owned
No
BUY
BUY
April 10, 2012
Generally likes this one. Most of the oil globally is held by foreign governments or oil companies that don't want the West involved. What they do want is the service company technology. This is one of the larger providers of oil rigs globally.
Transocean Inc. (RIG-N)
April 10, 2012
Generally likes this one. Most of the oil globally is held by foreign governments or oil companies that don't want the West involved. What they do want is the service company technology. This is one of the larger providers of oil rigs globally.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$49.800
Owned
Unknown
WAIT
WAIT
January 11, 2012
A frustrating experience for everyone. One thing after another. There is a disconnect between commodities and underlying stocks and it is frustrating for holders of oil services stocks. It is about confidence. Thinks it is bottoming.
Transocean Inc. (RIG-N)
January 11, 2012
A frustrating experience for everyone. One thing after another. There is a disconnect between commodities and underlying stocks and it is frustrating for holders of oil services stocks. It is about confidence. Thinks it is bottoming.
Gordon Reid
President, GoodReid Investment Counsel
Price
$41.040
Owned
Yes
COMMENT
COMMENT
December 1, 2011
You're going to get very good volatility in this name. It does look cheap and technically it might look interesting but he doesn't know what is going on and as a right now. Probably has too much debt.
Transocean Inc. (RIG-N)
December 1, 2011
You're going to get very good volatility in this name. It does look cheap and technically it might look interesting but he doesn't know what is going on and as a right now. Probably has too much debt.
Derek Webb, CFA
Chairman, CIO, Webb Asset Management
Price
$43.710
Owned
No
STRONG BUY
STRONG BUY
November 23, 2011
Has been a "tough own". 139 Drilling vessels. They are well positioned for the type of drilling that will dominate over the next few years.
Transocean Inc. (RIG-N)
November 23, 2011
Has been a "tough own". 139 Drilling vessels. They are well positioned for the type of drilling that will dominate over the next few years.
Gordon Reid
President, GoodReid Investment Counsel
Price
$44.670
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 24, 2011
(Top Pick Oct 20/10, Down 38%) Over intermediate and longer term we are going to have a greater and greater need for oil. One of the largest companies in the area.
Transocean Inc. (RIG-N)
October 24, 2011
(Top Pick Oct 20/10, Down 38%) Over intermediate and longer term we are going to have a greater and greater need for oil. One of the largest companies in the area.
Gordon Reid
President, GoodReid Investment Counsel
Price
$55.820
Owned
Yes
DON'T BUY
DON'T BUY
October 12, 2011
Sold around $72. Price never recovered. Demand / supply is still rather soft. Some headline risk with lawsuits.
Transocean Inc. (RIG-N)
October 12, 2011
Sold around $72. Price never recovered. Demand / supply is still rather soft. Some headline risk with lawsuits.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$49.050
Owned
No
SELL
SELL
August 24, 2011
Is supposed to holdup on this whole cap X cycle but is has not held up. Canada is well positioned to participate in the cap X cycle. Swap into a Canadian oil rig company.
Transocean Inc. (RIG-N)
August 24, 2011
Is supposed to holdup on this whole cap X cycle but is has not held up. Canada is well positioned to participate in the cap X cycle. Swap into a Canadian oil rig company.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$51.390
Owned
No
PAST TOP PICK
PAST TOP PICK
July 7, 2011
(A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels.
(A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels.
Don Lato
President, Padlock Investment Management
Price
$62.470
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 8, 2011
(Top Pick Jun 10/10, Up 45.68) It was discounting a wild liability. Sold about $55 after a month and a half.
(Top Pick Jun 10/10, Up 45.68) It was discounting a wild liability. Sold about $55 after a month and a half.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$62.790
Owned
No
HOLD
HOLD
June 6, 2011
By end of year oil could be $125 oil. Thinks you will have demand destruction in N.A. and Europe but growth in developing nations. Problems with the gulf are essentially behind them.
By end of year oil could be $125 oil. Thinks you will have demand destruction in N.A. and Europe but growth in developing nations. Problems with the gulf are essentially behind them.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$64.470
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 30, 2011
(Top Pick Mar 30/10, Down 3.75%)
Transocean Inc. (RIG-N)
March 30, 2011
(Top Pick Mar 30/10, Down 3.75%)
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$78.950
Owned
No
BUY
BUY
February 2, 2011
Transocean (RIG-N), Halliburton (HAL-N) or BP (PB-N)? Even though Transocean has recovered well in share price after the BP spill, thinks there is more opportunity for recovery with this one.
Transocean Inc. (RIG-N)
February 2, 2011
Transocean (RIG-N), Halliburton (HAL-N) or BP (PB-N)? Even though Transocean has recovered well in share price after the BP spill, thinks there is more opportunity for recovery with this one.
Gordon Reid
President, GoodReid Investment Counsel
Price
$80.150
Owned
Yes
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