Time to buy Transocean

Time to buy Transocean

Postby Orindakid » Sun Sep 11, 2022 4:22 pm

Transocean has announced $1.4 Billion of new backlog in the last month or so, they still have 12 stacked deepwater rigs that should get booked up over the next year or so.
I have been adding for the last 12 months and see a big upside from their current price as rigs start to get back to work.
Cheers.
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Re: Time to buy Transocean

Postby dan_s » Sun Sep 11, 2022 6:43 pm

Good idea. In the real world, we much continue to explore offshore because it one of the few places left with significant upside for oil.
Dan Steffens
Energy Prospectus Group
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