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9 pts

Opinion on  Transocean Inc (RIG)     Sector: Energy  >  Industry: Oil Well Services & Equipment
recently completed merger with GlobalSantaFe transforms it into an offshore drilling powerhouse.

Jun 19, 2008 08:51 AM UTC
Astukphoto
Return Risk
-29.51% LOW
Sr. Associate

Analyst Recommendation  

Today's stock selection:
Transocean (RIG)
Inspired by:
http://www.zacks.com/newsroom/commentary/index_pdf.php?id=788...

We are maintaining our Buy rating on Transocean
shares ahead of the company s first-quarter results.
With oil prices sitting at record highs, Transocean
should continue to benefit from increased
exploration and production (E&P) spending by oil
companies, improved rig utilization rates, and higher
dayrates. We continue to believe that the company s
recently completed merger with GlobalSantaFe
transforms it into an offshore drilling powerhouse.
With a backlog of nearly $32 billion, the new
Transocean offers an unparallel level of earnings
and cash flow visibility.

RIG:  This call was made on 06/19/08 @ $152.66
Rating:   Positive   $152.66 (06/19/08)
Gain/Loss:   -63.88% in 201 days
Target:   $180.00 (+17.91%) in > one year
Allocation:   1.4% of portfolio


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Who voted on this idea?
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Thomas George 13% 06/19/2008



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Armin Stuk previously rated RIG
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