Transocean Inc.

RIG-N

NYSE:RIG

1.90
0.13 (6.19%)
Transocean Ltd. is one of the world's largest offshore drilling contractors and is based in Vernier, Switzerland.
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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.

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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.

DON'T BUY
DON'T BUY
February 12, 2018

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

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

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

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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%.

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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%.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.
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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.
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.)
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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.)
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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Transocean Inc. (RIG-N)
October 12, 2011
Sold around $72. Price never recovered. Demand / supply is still rather soft. Some headline risk with lawsuits.
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.
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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.
PAST TOP PICK
PAST TOP PICK
July 7, 2011
(A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels.
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(A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels.
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.
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(Top Pick Jun 10/10, Up 45.68) It was discounting a wild liability. Sold about $55 after a month and a half.
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.
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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.
PAST TOP PICK
PAST TOP PICK
March 30, 2011
(Top Pick Mar 30/10, Down 3.75%)
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Transocean Inc. (RIG-N)
March 30, 2011
(Top Pick Mar 30/10, Down 3.75%)
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.
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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.
COMMENT
COMMENT
December 13, 2010
Oil service is a very strong theme in the market, more on the land base rather than deep water drilling. This company has a major market share in every major market they play in globally. Headline risk over hanging it that he doesn’t care for. Prefers Weatherford (WFT-N).
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Transocean Inc. (RIG-N)
December 13, 2010
Oil service is a very strong theme in the market, more on the land base rather than deep water drilling. This company has a major market share in every major market they play in globally. Headline risk over hanging it that he doesn’t care for. Prefers Weatherford (WFT-N).
COMMENT
COMMENT
November 29, 2010
One of the better drilling companies that got caught with the BP problems in the Gulf of Mexico. Have about $10 cash per share. Insurance costs have gone through the roof because of the spill and they still have litigation costs. If you are making a 1st time Buy, only do half.
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Transocean Inc. (RIG-N)
November 29, 2010
One of the better drilling companies that got caught with the BP problems in the Gulf of Mexico. Have about $10 cash per share. Insurance costs have gone through the roof because of the spill and they still have litigation costs. If you are making a 1st time Buy, only do half.
STRONG BUY
STRONG BUY
November 10, 2010
Great value here. Should earn about $7.50 a share.
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Transocean Inc. (RIG-N)
November 10, 2010
Great value here. Should earn about $7.50 a share.
PAST TOP PICK
PAST TOP PICK
October 27, 2010
(A Top Pick June 10/10. Up 45%.) Sold his holdings for a 25% gain. Offshore drilling fundamentals have weakened. Drilling ban persisted longer than expected and strict rules are now so ambiguous a lot of companies don't know how to comply.
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Transocean Inc. (RIG-N)
October 27, 2010
(A Top Pick June 10/10. Up 45%.) Sold his holdings for a 25% gain. Offshore drilling fundamentals have weakened. Drilling ban persisted longer than expected and strict rules are now so ambiguous a lot of companies don't know how to comply.
TOP PICK
TOP PICK
October 20, 2010
With the BP mess, suffered 50% decline while earnings only dropped 16%. People were worried about litigation risk, but that is diminishing. Thinks it will build out and be good place to be.
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Transocean Inc. (RIG-N)
October 20, 2010
With the BP mess, suffered 50% decline while earnings only dropped 16%. People were worried about litigation risk, but that is diminishing. Thinks it will build out and be good place to be.
BUY
BUY
October 14, 2010
With the US drilling moratorium in the Gulf now lifted, still sees a lot more to come. Has earning power of $8-$9 a share. Could easily move back into the mid-$70’s or $80’s in 6-12 months.
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Transocean Inc. (RIG-N)
October 14, 2010
With the US drilling moratorium in the Gulf now lifted, still sees a lot more to come. Has earning power of $8-$9 a share. Could easily move back into the mid-$70’s or $80’s in 6-12 months.