$84.22 -1.85 (-2.15%)
12/3/2009 4:00 PM

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 DanHess32 (55.50) Submitted: 3/24/2009 3:30:43 PM : Outperform Start Price: $64.30 RIG Score: -6.03

The price of oil in US$ will rise as the global economy recovers and higher inflation in the US occurs due to heavy printing in Washington results in a weaker dollar. Once this is viewed as coming there will be a rush to deep water drilling in places like Brazil and Transocean should greatly benefit.

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Member Avatar stockszar (50.42) Submitted: 5/21/2009 10:51:14 PM
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And so will PBR.

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