Transocean (RIG): Drilling for deepwater gains - Steven Halpern

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Transocean (RIG): Drilling for deepwater gains
Apr 30, 2009 07:00 PM UTC

Steven Halpern

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Symbol	Sentiment	Start	Return	Closed
RIG		04/30/09	+23.11%	--

Via BloggingStocks:

Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

Energy sector specialist Elliott Gue sees opportunity in Transocean (NYSE: RIG), a leadin player in the deepwater drilling area. Here's the latest advice from The Energy Strategist.

"The market for deepwater rigs, however, has remained resilient and one drilling with direct leverage to deepwater rigs is US giant, Transocean, the world's largest offshore drilling company, with 136 rigs as well as ten under construction.

"Roughly 68 of those rigs are 'semisubmersibles,' and 39 are ultra-deepwater or deepwater rigs capable of drilling many of the complex plays being targeted around the world today.

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Transocean (RIG): Drilling for deepwater gains originally appeared on BloggingStocks on Thu, 30 Apr 2009 14:00:00 EST. Please see our terms for use of feeds.

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