Is This Company a Prime Candidate for a Strong Recovery If Oil Begins to Head Higher?


Transocean (NYSE: RIG) is a leading international provider of offshore contract drilling services for oil and gas wells with an emphasis on technically demanding sectors of the global offshore drilling business such as deep-water and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. It owns or partially owns and operates a fleet of 60 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, seven harsh-environment semisubmersibles, five deep-water semisubmersibles, 10 midwater semisubmersibles and 10 high-specification jackups. In addition, the company has six ultra-deep-water drill ships and five high-specification jackups under construction or under contract to be constructed.

Like other offshore drilling companies, RIG shares have gone downhill over the last 16 months and the budgets for 2016 suggest that capital expenditure is not likely to go up until next year. This will provide investors with plenty of time to analyse this company thoroughly and decide how to take the best advantage of …  Read More





Traders News Source (TNS) produces compensated and non-compensated reports, articles, blogs, and investment newsletters covering companies listed on NYSE and NASDAQ exchanges. TNS has two distinct and independent operating segments. One produces non-compensated analyst and or expert certified content generally in the form of press releases, articles and reports. The other produces compensated content, which typically consists of compensated investment newsletters, articles and reports. Compensated content is outside the scope of procedures detailed below.

Traders News Source has not been compensated, directly or indirectly, for producing or publishing this document.


This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the subject company in this report to be materially different from the statements made herein.


Content is researched, written and reviewed on a best-effort basis. Information in this release is fact checked and produced on a best efforts basis by Ramus Iyer. An outsourced research services provider represented by Ramus Iyer, provided Traders News Source this article or report. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. Traders News Source is not entitled to veto, interfere or alter the articles, documents or report once created and reviewed by the outsourced research provider represented by Ramus Iyer. The subject Company has not compensated Traders News Source or Ramus Iyer for the creation or dissemination of this report. Traders News Source is the party responsible for issuing the press release and for hosting the full analyst report on Traders News Source website. Ramus Iyer is the author of research report.


Traders News Source makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

Authors Bio and Disclaimer

Traders News Source is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. Traders News Source has compensated Ramus Iyer, for the distribution rights to disseminate this report. No liability is accepted by Traders News Source whatsoever for any direct, indirect or consequential loss arising from the use of this document. Traders News Source expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Traders News Source does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

I’m a Chartered Accountant by qualification and have extensive experience in the financial services industry. I have held senior positions in the HSBC group and have also been a consultant to ANZ Grindlays Bank and the Thomas Cook Group. I have written thousands of articles and received more than 60 five star reviews for my work.

You will find a number of my articles on Seeking Alpha and Capital Cube.

Ramuskrishnan Iyer

Author’s Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in the article.

Source: Traders News Source