Transocean Inc.

RIG-N

NYSE:RIG

1.95
0.11 (5.98%)
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
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.
DON'T BUY
DON'T BUY
September 27, 2010
We still don't know what all the final liabilities are for the Gulf disaster. This company has 14 rigs in the Gulf and the moratorium is still on and hopefully gets lifted by year-end. Earnings estimates have dropped from 25%-30%. Too early yet.
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Transocean Inc. (RIG-N)
September 27, 2010
We still don't know what all the final liabilities are for the Gulf disaster. This company has 14 rigs in the Gulf and the moratorium is still on and hopefully gets lifted by year-end. Earnings estimates have dropped from 25%-30%. Too early yet.
BUY
BUY
September 14, 2010
Thinks market reaction was overdone because of Gulf spill. Looking for about $8 in earnings. Have 139 rigs in the gulf. 13 of their deep-water vessels were in the gulf. Important but not their whole business. Over time psychological overhang will start to dissipate. Trading very cheap at 5-6 times earnings.
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Transocean Inc. (RIG-N)
September 14, 2010
Thinks market reaction was overdone because of Gulf spill. Looking for about $8 in earnings. Have 139 rigs in the gulf. 13 of their deep-water vessels were in the gulf. Important but not their whole business. Over time psychological overhang will start to dissipate. Trading very cheap at 5-6 times earnings.
BUY
BUY
September 8, 2010
A safer way to play the oil drilling sector than BP (BP-N). Added to his holdings just recently.
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Transocean Inc. (RIG-N)
September 8, 2010
A safer way to play the oil drilling sector than BP (BP-N). Added to his holdings just recently.
STRONG BUY
STRONG BUY
August 18, 2010
Hurt by the tragedy in the Gulf. Financial liability is limited. Trading at about half before disaster but earnings will probably be hit by only 16%. Trading at 5 or 6 times this year's earnings. Exposure in the Gulf is relatively limited.
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Transocean Inc. (RIG-N)
August 18, 2010
Hurt by the tragedy in the Gulf. Financial liability is limited. Trading at about half before disaster but earnings will probably be hit by only 16%. Trading at 5 or 6 times this year's earnings. Exposure in the Gulf is relatively limited.
BUY
BUY
August 11, 2010
Recently added to some of his holdings at around these levels. The situation with this company was probably a little overblown. Doesn't think there is as much a liability risk as owning BP directly. Trading at around 5.5X next year's earnings.
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Transocean Inc. (RIG-N)
August 11, 2010
Recently added to some of his holdings at around these levels. The situation with this company was probably a little overblown. Doesn't think there is as much a liability risk as owning BP directly. Trading at around 5.5X next year's earnings.
DON'T BUY
DON'T BUY
July 26, 2010
Still too early to buy deep-water drillers, particularly in this case as their main business is deep water drilling. Because of the moratorium, there are idle rigs in the Gulf of Mexico. Really a trading stock right now.
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Still too early to buy deep-water drillers, particularly in this case as their main business is deep water drilling. Because of the moratorium, there are idle rigs in the Gulf of Mexico. Really a trading stock right now.
BUY
BUY
July 23, 2010
Trading at 6X earnings. Because they have so much away from the Gulf and their liabilities are somewhat limited and if you can stomach the volatility in the short term, you should make money buying it under $50.
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Trading at 6X earnings. Because they have so much away from the Gulf and their liabilities are somewhat limited and if you can stomach the volatility in the short term, you should make money buying it under $50.
BUY
BUY
July 21, 2010
They were the operators of the rig during the Gulf spill. Could see it into the mid-$60's in 12 months. Less than 10% of their fleet operates in the Gulf. About 5% yield.
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They were the operators of the rig during the Gulf spill. Could see it into the mid-$60's in 12 months. Less than 10% of their fleet operates in the Gulf. About 5% yield.
BUY
BUY
July 14, 2010
Stock is about half but earnings estimates have only come down about 16%. Going forward, the price should build back in. Have 139 rigs and only 15 are in the Gulf of Mexico and there will be a lot of demand for their rigs.
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Stock is about half but earnings estimates have only come down about 16%. Going forward, the price should build back in. Have 139 rigs and only 15 are in the Gulf of Mexico and there will be a lot of demand for their rigs.
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