Transocean, Inc. (NYSE:RIG)
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Transocean is a top offshore drilling contractor, providing rigs and equipment to help its customers find and develop oil and natural gas reserves.
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
Oil demand will increase as the world slowly emerges from recession. Eventually, oil prices will justify deep rig day rates, a situation for which Transocean is keenly aligned to benefit from. Not to mention, it is pumping out a 6% yield (although this will not last forever).