NYSE:RIG

Transocean Inc. (RIG)

5.29
-0.12 (2.22%)
as of Jun 23, 2026, 8:00:00 pm Market Open.
12 watching
0
PAST TOP PICK
(A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels.
PAST TOP PICK
(Top Pick Jun 10/10, Up 45.68) It was discounting a wild liability. Sold about $55 after a month and a half.
HOLD
By end of year oil could be $125 oil. Thinks you will have demand destruction in N.A. and Europe but growth in developing nations. Problems with the gulf are essentially behind them.
PAST TOP PICK
(Top Pick Mar 30/10, Down 3.75%)
BUY
Transocean (RIG-N), Halliburton (HAL-N) or BP (PB-N)? Even though Transocean has recovered well in share price after the BP spill, thinks there is more opportunity for recovery with this one.
COMMENT
Oil service is a very strong theme in the market, more on the land base rather than deep water drilling. This company has a major market share in every major market they play in globally. Headline risk over hanging it that he doesn’t care for. Prefers Weatherford (WFT-N).
COMMENT
One of the better drilling companies that got caught with the BP problems in the Gulf of Mexico. Have about $10 cash per share. Insurance costs have gone through the roof because of the spill and they still have litigation costs. If you are making a 1st time Buy, only do half.
STRONG BUY
Great value here. Should earn about $7.50 a share.
PAST TOP PICK
(A Top Pick June 10/10. Up 45%.) Sold his holdings for a 25% gain. Offshore drilling fundamentals have weakened. Drilling ban persisted longer than expected and strict rules are now so ambiguous a lot of companies don't know how to comply.
TOP PICK
With the BP mess, suffered 50% decline while earnings only dropped 16%. People were worried about litigation risk, but that is diminishing. Thinks it will build out and be good place to be.
BUY
With the US drilling moratorium in the Gulf now lifted, still sees a lot more to come. Has earning power of $8-$9 a share. Could easily move back into the mid-$70’s or $80’s in 6-12 months.
DON'T BUY
We still don't know what all the final liabilities are for the Gulf disaster. This company has 14 rigs in the Gulf and the moratorium is still on and hopefully gets lifted by year-end. Earnings estimates have dropped from 25%-30%. Too early yet.
BUY
Thinks market reaction was overdone because of Gulf spill. Looking for about $8 in earnings. Have 139 rigs in the gulf. 13 of their deep-water vessels were in the gulf. Important but not their whole business. Over time psychological overhang will start to dissipate. Trading very cheap at 5-6 times earnings.
BUY
A safer way to play the oil drilling sector than BP (BP-N). Added to his holdings just recently.
STRONG BUY
Hurt by the tragedy in the Gulf. Financial liability is limited. Trading at about half before disaster but earnings will probably be hit by only 16%. Trading at 5 or 6 times this year's earnings. Exposure in the Gulf is relatively limited.
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