The gas crunch and recent alert to outr dependance on oil will make us dill offshore. Rig owns one-third of the world's supply of deepwater drilling rigs, and has a $40B backlog - the size of its market cap. It will go up from here.
RIG is the leader in deepwater drilling and trading at fantastically low valuation ratios. Fear of a world slowdown, US opposition to deepwater drilling, and the recent decrease in oil supply is behind the sell-off of energy companies. These are all short-term effects which have decreased the price of RIG and made it attractive to a long-term investor. Deepwater oil will become increasingly a part in maintaining the world's current production of oil as the current supply peaks. RIGs Price / Cash Flow (TTM), Price / Earnings (TTM), '08 PEG, Price / Sales (TTM) are historically low. The...
Transocean Inc. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide.
The company specializes in deepwater drilling. It's not afraid of getting its feet wet with operations in the world's major offshore oil-producing regions, including Africa, Asia, Brazil, Canada, India, the Middle East, the Gulf of Mexico and the North Sea. Transocean has a fleet of 82 mobile offshore drilling units, inland barges and support vessels, including semi-submersibles and drill ships, jackup rigs and other rigs. As the premier deep-water dr
This is a pretty safe bet to double in one year not withstanding the professionals consider its growth to be much less than a double. I believe a double is not only possible but more than likely.
I've been following the election closely for two years. For the most part, politics is a hobby of mine, but in this year's election my interest went much deeper.
I recognized very early that the 2008 vote would be monumental on so many levels and investment opportunities would abound. I even outlined the impact of the policies of each candidate on the market in an election gallery.
Now that the results are in with the Democrats taking significant control of the executive and legislative branches, I want to drill d
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RIG
About Transocean Inc
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