Transocean Inc.

RIG-N

NYSE:RIG

1.94
0.17 (9.60%)
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
BUY
BUY
June 24, 2010
Expect they will have a higher liability on the Gulf spill that people are estimating that he thinks the stock price is already saying that. Buying it at this price makes a lot of sense. There will be continued growth in deep water drilling.
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Expect they will have a higher liability on the Gulf spill that people are estimating that he thinks the stock price is already saying that. Buying it at this price makes a lot of sense. There will be continued growth in deep water drilling.
TOP PICK
TOP PICK
June 23, 2010
Operator of the British Petroleum (BP-N) drilling rig that caused all the problems in the Gulf. Earnings estimates have come down about 15% but stock price has come down 40%. Trading at 7-8 times earnings.
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Operator of the British Petroleum (BP-N) drilling rig that caused all the problems in the Gulf. Earnings estimates have come down about 15% but stock price has come down 40%. Trading at 7-8 times earnings.
TOP PICK
TOP PICK
June 10, 2010
This is the rig that was leased by BP. Has been absolutely crushed since the well blowout. Service companies are indemnified by the oil companies, which most people don’t know. They are really down because of the drilling moratorium. If that ends after 6 months, the stock is paying 7% and trading at 4x. Risk/reward is pretty compelling.
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This is the rig that was leased by BP. Has been absolutely crushed since the well blowout. Service companies are indemnified by the oil companies, which most people don’t know. They are really down because of the drilling moratorium. If that ends after 6 months, the stock is paying 7% and trading at 4x. Risk/reward is pretty compelling.
DON'T BUY
DON'T BUY
May 26, 2010
With the explosion/oil spill, she thought that if it could be contained within a relatively short period of time, stock reaction was overblown. As time passed, there were questions about future deep water drilling so she sold her holdings.
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With the explosion/oil spill, she thought that if it could be contained within a relatively short period of time, stock reaction was overblown. As time passed, there were questions about future deep water drilling so she sold her holdings.
PARTIAL BUY
PARTIAL BUY
May 21, 2010
All companies that had anything to do with British Petroleum and the oil spill have been oversold. When and if the oil spill is under control, there should be a good rally of all the stocks. Good time to start picking away at it.
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All companies that had anything to do with British Petroleum and the oil spill have been oversold. When and if the oil spill is under control, there should be a good rally of all the stocks. Good time to start picking away at it.
SELL
SELL
May 18, 2010
Had a major, major break. Should have sold when it broke the 200 day moving average.
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Had a major, major break. Should have sold when it broke the 200 day moving average.
TOP PICK
TOP PICK
April 21, 2010
Sign multiyear contracts with production companies but still moves with the commodity prices. Have 140 drilling rigs with a backlog of about 5 years of revenues. Trades at about 9X earnings and should grow 12%-14% in the near term.
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Transocean Inc. (RIG-N)
April 21, 2010
Sign multiyear contracts with production companies but still moves with the commodity prices. Have 140 drilling rigs with a backlog of about 5 years of revenues. Trades at about 9X earnings and should grow 12%-14% in the near term.
TOP PICK
TOP PICK
March 30, 2010
Drilling services to oil/gas industry. Leader in ultra deep-water space. Likes demand/supply fundamentals. $31 billion backlog on a revenue base of $11 billion. Backlog gives very strong earnings visibility. Generating more free cash flow than it can use so recently announced a dividend policy giving a 3.5% yield that should be sustainable.
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Transocean Inc. (RIG-N)
March 30, 2010
Drilling services to oil/gas industry. Leader in ultra deep-water space. Likes demand/supply fundamentals. $31 billion backlog on a revenue base of $11 billion. Backlog gives very strong earnings visibility. Generating more free cash flow than it can use so recently announced a dividend policy giving a 3.5% yield that should be sustainable.
PAST TOP PICK
PAST TOP PICK
November 11, 2009
(A Top Pick Nov 8/12. Up 32.8% excluding dividends.) Offshore drilling. Has about $40 billion backlog and about 6 years of revenue. Will probably earn about $13 this year and will be down a little bit next year along with the sector.
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Transocean Inc. (RIG-N)
November 11, 2009
(A Top Pick Nov 8/12. Up 32.8% excluding dividends.) Offshore drilling. Has about $40 billion backlog and about 6 years of revenue. Will probably earn about $13 this year and will be down a little bit next year along with the sector.
BUY WEAKNESS
BUY WEAKNESS
September 28, 2009
This is the leader in terms of the complex semi-submersibles for deep shore applications. If you're comfortable with the currency risk, it looks like a good name to hold. Pretty much of a monopoly on the rigs and are booked years in advance. If it drops after the earnings, pick up more.
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Transocean Inc. (RIG-N)
September 28, 2009
This is the leader in terms of the complex semi-submersibles for deep shore applications. If you're comfortable with the currency risk, it looks like a good name to hold. Pretty much of a monopoly on the rigs and are booked years in advance. If it drops after the earnings, pick up more.
BUY
BUY
July 29, 2009
Deepwater oil drilling play. Have a lot of growing opportunities in the deep waters off Brazil. Day rates have held up relatively strongly.
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Deepwater oil drilling play. Have a lot of growing opportunities in the deep waters off Brazil. Day rates have held up relatively strongly.
PAST TOP PICK
PAST TOP PICK
April 14, 2009
(A Top Pick March 25/08. Down 47.41%.) Largest offshore driller in the world. This is where the action will be when things heat up. Right now it's a bit early.
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Transocean Inc. (RIG-N)
April 14, 2009
(A Top Pick March 25/08. Down 47.41%.) Largest offshore driller in the world. This is where the action will be when things heat up. Right now it's a bit early.
DON'T BUY
DON'T BUY
December 12, 2008
Deep sea driller. Very well run. As oil prices came down and demand for drilling started to ebb, stock price dropped. No dividend. Future earnings are looking a little weaker than previous. $25-$30 range would look attractive if you've got the patience for the cycle to turn.
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Transocean Inc. (RIG-N)
December 12, 2008
Deep sea driller. Very well run. As oil prices came down and demand for drilling started to ebb, stock price dropped. No dividend. Future earnings are looking a little weaker than previous. $25-$30 range would look attractive if you've got the patience for the cycle to turn.
DON'T BUY
DON'T BUY
December 1, 2008
(Market Call Minute.) You have to wait for energy to turn around.
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Transocean Inc. (RIG-N)
December 1, 2008
(Market Call Minute.) You have to wait for energy to turn around.
TOP PICK
TOP PICK
November 12, 2008
Largest deepwater driller globally. Have about 140 rigs. Will earn in the neighbourhood of $14.50 next year. Have over a $40 billion backlog, which represents 5 years of revenue.
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Transocean Inc. (RIG-N)
November 12, 2008
Largest deepwater driller globally. Have about 140 rigs. Will earn in the neighbourhood of $14.50 next year. Have over a $40 billion backlog, which represents 5 years of revenue.
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