Page 1 of 1

Time to buy Transocean

Posted: Sun Sep 11, 2022 4:22 pm
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.

Re: Time to buy Transocean

Posted: Sun Sep 11, 2022 6:43 pm
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.