Transocean, Inc. (NYSE:RIG)

CAPS Rating: 5 out of 5

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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Player Avatar SubmarinerBen (< 20) Submitted: 12/14/2011 8:41:59 AM : Outperform Start Price: $39.93 RIG Score: -0.33

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).

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