$83.44 -0.78 (-0.93%)
12/4/2009 10:58 AM

Transocean, Inc. (RIG)

CAPS Rating: 5 out of 5

The Company is an international provider of offshore contract drilling services for oil and gas wells. Its primary business is to contract the drilling rigs, related equipment and work crews primarily on a dayrate basis to drill oil and gas wells.

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Member Avatar jhe2jhe (23.32) Submitted: 9/1/2008 2:26:52 PM : Outperform Start Price: $125.04 RIG Score: -21.05

Rig is in the low cycle of its 52- week range. Regardless of election results it is clear the United States will begin drilling offshore. RIG is poised to take advantage of increased rigs in the Pacific and Atlantic. Management has always been sound and a P/E of 7.89 is compelling

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