Time to buy Transocean

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Orindakid
Posts: 92
Joined: Wed Mar 09, 2016 8:01 pm

Time to buy Transocean

Post by Orindakid »

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.
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: Time to buy Transocean

Post by dan_s »

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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