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$69.05 -8.62 (-11.10%)
10/10/2008 4:01 PM

Transocean, Inc. (RIG)

CAPS Rating:
*****

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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Avatar Guardian21 (96.78) Submitted: 4/22/07 4:59 PM : Outperform Start Price: $83.10 RIG Score: 23.44

Growth in China, India, and other developing nations will ensure that demand for oil remains high. The best option for the major oil companies to meet this demand is to invest heavily in offshore drilling. Rig has the largest fleet of offshore rigs and may stand to benefit most from this situation.

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