Transocean Inc. (RIG) Buy, Sell or Hold

Transocean Inc. (RIG)

5.29

-0.12 (2.22%)

as of Jun 23, 2026, 8:00:00 pm Market Open.

12 watching

BUY

Deepwater oil drilling play. Have a lot of growing opportunities in the deep waters off Brazil. Day rates have held up relatively strongly.

PAST TOP PICK

(A Top Pick March 25/08. Down 47.41%.) Largest offshore driller in the world. This is where the action will be when things heat up. Right now it's a bit early.

DON'T BUY

Deep sea driller. Very well run. As oil prices came down and demand for drilling started to ebb, stock price dropped. No dividend. Future earnings are looking a little weaker than previous. $25-$30 range would look attractive if you've got the patience for the cycle to turn.

DON'T BUY

(Market Call Minute.) You have to wait for energy to turn around.

TOP PICK

Largest deepwater driller globally. Have about 140 rigs. Will earn in the neighbourhood of $14.50 next year. Have over a $40 billion backlog, which represents 5 years of revenue.

DON'T BUY

There is a very good fundamental case to be made for offshore drillers. If the U.S. Congress allows offshore drilling, these companies are in a great spot. Technically this group has been badly broken in the last few weeks. He would like to see it trade above the 50-day and 200-day moving averages.

BUY

In the oil sector on the US side he is primarily focused on the drillers and his favourite stocks are Halliburton (HAL-N) and Transocean (RIG-N).

TOP PICK

Largest offshore drilling company globally with 140 rigs. Not that sensitive to the commodity. Now renting out some of their rigs for over $600,000 a day. About 5 years of backlog. Financially strong and trades at a low multiple.

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DON'T BUY

Offshore oil business remains particularly robust however it is also the most volatile. If anything happens to break the price of oil, it could be a problem Very risky at these areas.

TOP PICK

Active in the deep offshore market. Having trouble getting newer rigs out into the sector. A lot of the fleet is in production right now. Purchased it today.

COMMENT

Largest global offshore drilling company. Have long-term contracts with numerous different producers/exploration companies so there is very good visibility of earnings going forward. A Buy, but wait until the smoke clears.

TOP PICK

The largest offshore drilling company in the world. Even though it might trade with some sensitivity to oil, it's really not sensitive to the commodity in terms of its results. Have about 146 rigs and do about $10 billion in sales. They have $33 billion in backlog, 3.5 years of revenue.

BUY

The US is going great gangbusters with lots of production, high revenues and higher day rates with offshore drilling rigs.

WEAK BUY

If you like this industry, he would buy more at this price.

BUY

Likes the drillers and if you want a US stock, this would be a good name to own. A great way to play the oil sector.

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Transocean Inc. (RIG)