Transocean is a top offshore drilling contractor, providing rigs and equipment to help its customers find and develop oil and natural gas reserves.
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Recs
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