|10/16/13||Company Update: Chevron Corporation (NYSE:CVX) – Several Reasons Why I’m Staying Slightly Bul... (Jutia Group)|
[at Seeking Alpha] - On Tuesday, October 15, Transocean ( RIG ) announced that it was awarded a five-year contract for the construction of a newbuild ultra-deepwater drillship by Chevron ( CVX ) that includes a shipyard delivery ... Read more on this. Chevron Corporation (CVX), valued at $230.43B, started the session at $119.42. [...]
|8/20/13||(RIG) Transocean Updates Fleet Summary (Stock Blog Hub)|
Offshore drilling giant, Transocean Ltd. (RIG) recently issued a Fleet Update Summary for the period commencing Apr 18, 2013 to date. The value of all the new deals and extensions in the same time frame is estimated to be roughly $662 million. The update covers the company's offshore drilling rig status and contract information. Per the [...]
|4/22/13||(RIG) Transocean Updates Fleet Summary (Stock Blog Hub)|
Offshore drilling giant, Transocean Ltd. (RIG) recently issued a Fleet Update Summary for the period commencing Mar 14, 2013 to date. The value of all the new deals and extensions in the same time frame is estimated to be roughly $1.2 billion. The update covers the company's offshore drilling rig status and contract information. Per the [...]
|3/14/13||Is Carl Icahn Banking on Transocean (NYSE: RIG) Becoming an MLP? (Gold Stocks Today)|
The Sad Story of American Debt... What Stock Carl Icahn is Betting on Next... The “Slap in the Face” Award: Crooked Banker Edition...
|2/20/13||(OII) Oceaneering International Inks Deal with RIG Unit (Stock Blog Hub)|
Oilfield services company, Oceaneering International Inc. (OII) announced that it has won a contract from one of the affiliates of offshore drilling giant Transocean Ltd. (RIG), for the supply of subsea blowout preventer (BOP) control systems. Oceaneering International will add the contracts’ value of more than $40 million to its Subsea Products backlog. Per the deal, [...]
|2/18/13||(RIG) Value Alert – Transocean Ltd. (Stock Blog Hub)|
Texas ( Feb. 17, 2013) Wax Ink has issued a Loss of Investment Interest rating for Transocean Ltd. (NYSE: RIG) based on a recent value review which placed fair value between $41-$47. The stock closed recently at $56.26, approximately 132% above the fair value buy target for the stock and approximately 13% above the fair [...]
|2/17/13||Value Alert - Transocean Ltd. (Wax Ink)|
Texas ( Feb. 17, 2013) Wax Ink has issued a Loss of Investment Interest rating for Transocean Ltd. (NYSE: RIG) based on a recent value review which placed fair value between $41-$47. The stock closed recently at $56.26, approximately 132% above the fair value buy target for the stock and approximately 13% above the fair value close target for the stock. The recent close is 11% below analysts’ mean target for the stock. In the past 52 weeks, share prices have moved between a...
|1/7/13||Transocean (NYSE: RIG) to Pay $1.4 Billion Settlement (Energy and Capital)|
After more than two years, Transocean has reached a settlement with the Justice Department over the 2010 Gulf oil spill.
|10/3/12||Brazilian Ban on Transocean's Drilling Lifted (Energy and Capital)|
Brazil has lifted a ban on Transocean (NYSE: RIG) drilling and eased one on Chevron (NYSE: CVX) after an oil spill halted drilling...
|8/27/12||(COP) ConocoPhillips Resumes Work in Poseidon (Stock Blog Hub)|
Oil and gas explorer ConocoPhillips (COP) has finally resumed drilling operations in the Greater Poseidon area, off Western Australia. The field was being spud by Transocean Ltd.’s (RIG) semi-submersible rig Transocean Legend. ConocoPhillips had to halt operations in late May – consequent to the drilling of the Boreas-1 exploration well in WA-314-P – because a blowout [...]
|8/27/12||(RIG) Transocean Gets Contract Extensions (Stock Blog Hub)|
Recently, offshore drilling giant – Transocean Ltd. (RIG) issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. Per the report, the company’s midwater floater Sedneth 701 won a one-year contract from Nigerian Petroleum Development Company Limited or NPDC to work in the offshore region of the country. The contract is [...]
|3/21/12||Transocean and Chevron Face Criminal Charges Over Brazilian Oil Spill (Value Investing)|
Brazilian authorities have filed criminal charges against US based oil company Chevron Corporation (NYSE:CVX) and drill operator Transocean LTD (NYSE:RIG) for an oil spill off the coast of Rio de Janeiro back in November. Eduardo Santos de Oliveira, the prosecutor has also filed criminal charges against executives and employees of Chevron and Transocean. Among those charged was [...]
|2/27/12||(RIG) Transocean Earnings Miss Bottom Line (Stock Blog Hub)|
Offshore drilling giant Transocean Ltd. (RIG) reported weak fourth quarter and full-year 2011 results, hurt by the lingering effects of Gulf of Mexico tragedy, steeper operating costs and high interest expense. Earnings per share, excluding expenses associated with the Macondo well incident, Aker Drilling acquisition costs, gains from asset sales and other minor items, came in [...]
|1/11/12||Transocean Finding a bottom of the RIG? (Hedge Accordingly)|
Daily RIG 1/26 chart updated - 1/26/12 1 min RIG 1/11/2012 AH rig 1/26/12 Tuesday's price action on the right. clear bull run up through 40 and has held so far today over. The stock upgraded today by Tudor Pickering to accumulate from hold. Makes sense down here considering the stock has been on a precipitous downtrend the past year with 38 finding some buyers. Over the 40 level the stock stands a chance or trading back up into the 50 level. This stock has been known to have...
|12/29/11||Will BP's Past Forever Haunt the Company? (Benzinga)|
Throughout the summer months of 2010, BP (NYSE: BP) was at forefront of global news. Along with Transocean (NYSE: RIG) and Halliburton (NYSE: HAL), BP failed to maintain control over its operation in the Gulf of Mexico and managed to perpetrate the largest man-made oil spill in history. The spill has since been contained, but permanent damage has occurred, forever affecting the wildlife in the area, fisherman and other coastal business owners, and the men and women directly involved with the...
|12/20/11||Chevron and Transocean Get Spanked in Brazil (Gold Stocks Today)|
Synopsis: Brazilian prosecutors' $10.6 billion lawsuit against Chevron and Transocean for a minor oil spill is designed to stop the federal government's plan to redistribute new oil wealth away from Brazil's oil-pr...
|11/30/11||(RIG) Transocean Tanks on Offering Notice (Stock Blog Hub)|
Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares. The Zug, Switzerland-based owner of the world's largest offshore rig fleet plans to use the net proceeds from this offering – expected to be approximately $1.0 billion [...]
|11/29/11||The Swiss Stcck Market Managed A Modest Gain Tuesday (Penny Stock DD)|
The Swiss stock market closed with a slight increase Tuesday, extending its gains from the previous trading session. Heavy losses from Transocean weighed on the market, but the performance of the U.S. markets and the positive U.S. economic data helped to provide support. The Swiss Market Index rose by 0.16% Tuesday, a [...]
|11/7/11||(RIG) Transocean Misses Earnings Targets – Profit Tumbles (Stock Blog Hub)|
Offshore drilling giant Transocean Ltd. (RIG) reported weak third quarter 2011 results, hurt by the decline in utilization rates and high operating costs even as rig rates rose. Earnings per share, excluding expenses associated with the Macondo well incident, gains from asset sales, Aker Drilling acquisition costs and other minor items, came in at 5 cents, [...]
|9/23/11||(RIG) Transocean Update Shows Higher Dayrates (Stock Blog Hub)|
Offshore drilling giant Transocean Ltd. (RIG) recently issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. As per the report, Transocean secured additional work for four of its mid-water rigs, with three of them getting higher rates. The company currently has 28 mid-water floaters – capable of drilling in water [...]
|9/15/11||Oil Spill: Not Just BP's Fault (Energy and Capital)|
17 months after the disastrous oil spill in the Gulf, a report is released naming the companies responsible, and BP isn't the only name.
|8/5/11||(RIG) Transocean Misses Earnings Forecast – Backlog Weak (Stock Blog Hub)|
Offshore drilling giant Transocean Ltd. (RIG) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss related to impairment of three standard jackups, came in at 65 cents. The figure fell short [...]
|7/15/11||Analyst Actions: GOOG, RIG, FCX, FNSR, SKH (Stock Wizard)|
Google Inc. (NASDAQ: GOOG): Needham & Co. resumed coverage on Google with a Buy rating and a price target of $725. In a research note to clients, the firm stated, "We believe Google is a compelling investment given its multiple billion dollar growth opportunities: Search remains the engine of growth and our 2H11 Search revenue estimates could prove conservative as advertisers shift more of their budgets online and wait to flush their budgets...We conservatively estimate that Google’s...
|6/28/11||The Blame Game Continues (Energy and Capital)|
Guest contributor Brianna Panzica discusses the ongoing blame game among companies involved in the 2010 Gulf oil spill.
|6/23/11||(RIG) Transocean: Blame it on BP! (Stock Blog Hub)|
In an internal investigation report, drilling contractor Transocean Ltd (RIG) – the owner and operator of Deepwater Horizon oil rig at the heart of the Gulf of Mexico (GoM) disaster – has accused British energy giant BP plc (BP) of decisions that led to the biggest environmental disaster in U.S. history. As a reminder, on April [...]
|6/17/11||Luckily For Transocean, High Oil Prices Forgive Many Mistakes (Wall Street Sector Selector)|
Transocean, the largest offshore drilling contractor, released a fleet status update that gives an inside view of the strength of the market. The stock has been falling at least since early April, a month before WTI crude prices turned, and, whil...
|6/15/11||Guru Investing: John Paulson’s 4 Newest Buys (Investment Underground » Page not found)|
We took at look at John Paulson's portfolio. It seems he remains bullish on gold, retailers, commodities and offshore oil production. Here's an in-depth look at 4 of his most recent buys. As always, use the list below as a starting point for your own homework. TransOcean (RIG) Transocean, involved in the British Petroleum (BP) oil [...]
|6/13/11||Analyst Actions: NOK, MGM, RIG, CLF, LNKD, RENN (Stock Wizard)|
Nokia (NYSE: NOK): Wunderlich Securities on Monday downgraded its rating on the company to Hold from Buy. MGM Resorts International (NYSE: MGM): Bernstein Upgraded its rating on the stock to Outperform from Market Perform citing increased projections for Macau growth. Transocean Ltd. (NYSE: RIG): Argus this morning upgraded Transocean to Buy from Hold citing valuation. Price target is $85. Cliffs Natural Resources (NYSE: CLF): UBS initiated coverage on the company with a Buy...
|6/8/11||Dahlman Rose Gives Thumbs Up To Selected Offshore Drillers (RIG, NE, ESV, ATW, DO, SDRL) (tickerspy.com)|
Shares of Transocean (RIG), the world's largest provider of offshore drilling services, are slumping 1% despite positive comments from Dahlman Rose, which said the outlook for all jackup segments is improving. The research firm said its recently published exploration and production survey indicates spending is expected to rise 14% this year and that more than [...]
|6/7/11||Getting Beyond Gulf Spill, Transocean Sails To $86 (Wall Street Sector Selector)|
Transocean Ltd. is the world’s largest provider of offshore drilling services for oil and gas wells by fleet size as well as by market capitalization. The company operates one of the most modern and versatile mobile offshore drilling fleets in th...
|6/6/11||No May Flowers For Paulson (GLD, ANR, BAC, C, RIG, SNOFF) (tickerspy.com)|
John Paulson is probably happy to kiss the month of May good-bye after Paulson & Co.'s flagship hedge fund, the Advantage Plus Fund, lost 6% last month. Most hedge funds lost money in May, but the 6% loss for Advantage Plus is well below the industry-wide average of a May loss of 1.39%, according to [...]
|5/12/11||Analyst Actions: RIG, STX, AEO, FITB, CVS (Stock Wizard)|
Transocean Ltd. (NYSE: RIG): JPMorgan on Thursday upgraded its rating on the company to Neutral from Underweight. The firm maintained a $70 price target on the stock. Seagate Technology PLC (NYSE: STX): Auriga this morning initiated this coverage on the company at Buy. American Eagle Outfitters, Inc. (NYSE: AEO): Jefferies & Co. on Thursday downgraded its rating on the company to Hold from Buy. In a research note to clients, the firm cited, "lack of revenue visibility, which is...
|5/9/11||Transocean LTD (NYSE: RIG) Q3 2011 Price Target (Value Investing Experiments)|
Recent price: 67.69$ P/E Ratio: 52.44 3 Months Target Price: 83$ Company Description Data provided by Reuters tells us that Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company operates in two segments: contract drilling services and other operations. Contract drilling services, the Company’s primary business, includes contracting Transocean’s mobile offshore drilling fleet, related equipment and work...
|4/26/11||(RIG) Transocean Reports Drops in Rigs in Status Update (Stock Blog Hub)|
In the April fleet update report, Transocean Ltd. (RIG) announced that it has stacked one deepwater rig, Transocean Richardson and two midwater floaters, Sedco 601 and J.W. McLean, due to drop in demand. The company has also put two shallow-water rigs, GSF Britannia and GSF Labrador, up for sale. The deepwater Transocean Richardson operated off the [...]
|4/11/11||Analyst Actions: RIG, MON, APOL, SYMC, DPS (Stock Wizard)|
Transocean Inc. (NYSE: RIG): Morgan Stanley on Monday upgraded its rating on the company to Overweight from Equal Weight. Monsanto (NYSE: MON): Deutsche Bank this morning upgraded Monsanto to Buy from Hold. The firm raised its price target to $78 from $75. In a research note to clients, the firm stated "Our meeting with Monsanto's CEO increased our confidence that the company is pursuing the right strategy of establishing its new corn and soybean platforms and rebuilding its...
|3/28/11||(RIG) Transocean Fourth Quarter 2010 Earnings Scorecard (Stock Blog Hub)|
Late last month, offshore drilling giant Transocean Inc. (RIG) announced its financial results for the fourth-quarter and year-end 2010. Now that the analysts have had some time to ponder over the quarterly performance of Transocean, they are weighing their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and [...]
|3/23/11||Analyst Actions: SIRI, RIG, PHM, CSX, AOL (Stock Wizard)|
S irius XM Radio (NASDAQ: SIRI): Wunderlich Securities on Tuesday downgraded its rating on Sirius XM to Hold from Buy. The firm slashed its prie target on the stock to $1.65 from $2. Shares of the company dropped more than 3% in morning trading Tuesday. Transocean (NYSE: RIG): Susquehanna this morning initiated coverage on the company with a Positive rating. PulteGroup, Inc. (NYSE: PHM): Goldman Sachs on Wednesday upgraded its rating on the company to Conviction Buy from...
|3/3/11||(RIG) Transocean Earnings Report Lags Estimates (Stock Blog Hub)|
Global offshore drilling contractor Transocean Inc. (RIG) reported weak fourth quarter and full-year 2010 results, affected by reduced utilization rates and lower average daily revenue along with higher operating costs. Earnings per share, excluding one-time expenses, came in at 76 cents, below the Zacks Consensus Estimate of 87 cents. In the year-ago period, the company had [...]
|2/28/11||BP, Transocean, Others Ask Judge To Dismiss Gulf Oil Spill Claims (Wall Street Sector Selector)|
NEW ORLEANS — BP and other companies sued over the massive Gulf oil spill are asking a federal judge to dismiss many of the claims filed by businesses and people who say they have been harmed by the disaster.U.S. District Judge Carl Ba...
|2/20/11||Transocean Ltd. (NYSE: RIG): Q4 Earnings Preview 2010 (Stock Wizard)|
Transocean Ltd. (NYSE: RIG), the world's largest offshore rig contractor, is scheduled to release its fourth-quarter earnings after the closing bell on Wednesday, February 23, 2011. Analysts, on average, expect the company to report earnings of 92 cents per share on revenue of $2.31 billion. In the year ago period, the company reported earnings of $2.21 per share on revenue of $2.73 billion. Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide....
|2/7/11||This Driller Looks Compelling (Penny Stock DD)|
For the U.S. energy industry, the question at hand is the pace at which drilling activity will return to normal in the Gulf of Mexico, given the lingering effects of April's BP (NYSE: BP) and Transocean (NYSE: RIG) tragedy. Not surprisingly, when the industry's second-largest deepwater driller, Houston-based Diamond Offshore (NYSE: DO), reported [...]
|2/7/11||You Heard It Here First (VOXX, VAL, SFN, RIG, PG, BAC, C) (Benzinga)|
Benzinga was one of the first to bring you all the news of the Harbor Investment Conference held in New York last week. With the media embargo held until 4 PM Friday, Benzinga gave you the news at precisely 4:01 PM. Had you heeded our advice about being prepared for 4pm, you could have made some nice trades before your Superbowl weekend. Benzinga was the first to alert the world about many of the stocks that were mentioned in this market-moving conference. After our publications, stocks...
|12/16/10||Washington to BP and Friends: Pay Us Our Money MF*ers (Wall St. Cheat Sheet)|
US Taxpayers are sick of paying to clean up messes. Now they want to be made whole ...
|12/13/10||(RIG) Transocean Agrees to Pay $195 Million for New Rig (Stock Blog Hub)|
World’s largest offshore driller Transocean Inc. (RIG) has agreed to buy a shallow water jackup rig being built by Singaporean outfit Sembcorp Marine’s subsidiary, PPL Shipyard for $195 million. The high-specification jackup, which is scheduled for delivery in the fourth quarter of 2011, will be capable of operating in water depths up to 400 feet [...]
|11/4/10||Transocean Reports Disappointing Top-Line Results (Benzinga)|
Transocean (NYSE: RIG) reported a clean 3Q10 EPS of $1.35, surpassing Citi $1.27 but falling shy of the $1.36 consensus estimate. The top-line of $2.31B fell short of both Citi's $2.42B and the consensus $2.47B. EBITDA of $1.04B was slightly below Citi's $1.06B and the consensus $1.08B. The reported EPS number excludes $65M of itemized after-tax charges ($0.20/share). Revenues declined by 8% compared to our estimate of a 3% decline. The $196M sequential revenue decline was primarily...
|11/3/10||Transocean Profit Falls Shares Slide After Hours (RIG) (Benzinga)|
Transocean Ltd. (NYSE: RIG) reported Q3 EPS 1.15 vs. consensus of 1.36. RIG shares closed up 57c amid average volume on the day to settle at 63.96. As you know the embattled company has been at the center of the BP (NYSE: BP) gulf oil crisis. Their Q3 revenue came in 2.31Billion vs. 2.47Billion. After hours RIG shares are down about 25c to 62.72. The company stated their profit was lower because of increased expenses related to the Macondo well incident. The expenses were $27...
|10/17/10||(RIG) U.S. Lifts Gulf of Mexico Offshore Drilling Ban (Stock Blog Hub)|
The federal government has decided to lift its deepwater drilling moratorium in the Gulf of Mexico ("GoM"), weeks ahead of its scheduled late-November expiration. The Interior Department, which oversees offshore drilling, stressed that the newly issued technological and safety reforms for offshore drillers – that is expected to cut the risk of another disastrous blowout [...]
|10/15/10||Oppenheimer Lowers Transocean EPS Following Fleet Status Update (Benzinga)|
Oppenheimer reports that it has lowered its EPS estimates for Transocean Ltd. (NYSE: RIG), specifically for 2010 (from $6.44 to $6.10) and for 2011 (from $7.46 to $7.18). “The idled rigs imply continued low utilization for low-end jackups and mid-water rigs,” Oppenheimer writes. “Another rig has left the Gulf of Mexico, leaving 13 of its floating rigs in the Gulf of Mexico.” Oppenheimer retains its Perform rating on Transocean Ltd., saying that it is concerned that the Macondo...
|10/15/10||Estimates For RIG Lowered (Benzinga)|
Oppenheimer has issued a research report on Transocean Ltd. (NYSE: RIG) and is lowering EPS estimates for the company after its fleet status update. In the report, Oppenheimer writes "Extra downtime, a few idled rigs and a lower day rate reduce our EPS estimates for 2010 from $6.44 to $6.10 and for 2011 from $7.46 to $7.18. The idled rigs imply continued low utilization for low-end jackups and mid-water rigs. Another rig has left the Gulf of Mexico, leaving 13 of its floating rigs in the...
|10/12/10||This Oil Driller Is on Steroids (Benzinga)|
If you're looking for a trend-defying, against-the-grain stock pick to kick off your week, you've come to the right place. As I scan the various industries in the energy and infrastructure sectors, there's one that has about as much appeal as pouring lemon juice into an open wound. The oil drilling industry. In the wake of the Gulf oil disaster, it's just about the last place that many investors want to be. And the numbers bear it out… Since BP's big blowout, shares of Transocean...