• Sun. May 19th, 2024

Transocean: Rising Day Rates In Offshore Drilling Will Likely Lead To Profitability

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Drill ship

landbysea/E+ via Getty Images

I believe that Transocean Ltd. (NYSE:RIG) is a strong buy for three reasons. The first is that RIG’s $16.9 billion in net property and equipment assets alone dwarfs its $7.39 billion in total debt. This means that even if

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