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$87.94 -6.71 (-7.09%)
10/6/2008 9:56 AM

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 bball416 (69.89) Submitted: 9/13/06 4:46 PM : Outperform Start Price: $69.91 RIG Score: 45.02

transocean will have significant EPS growth for the next 3 years. The vast majority of this EPS growth is locked in through forward contracts. Transocean contract backlock is also 20+ billion $. The 4 billion dollar buy back will also add significant value to the shares. The buyback has not been factored into the EPS growth estimates by analyst at this t ime.

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