Transocean, Inc. (NYSE:RIG)

Oil isn't getting easier to find. RIG's rigs will continue to command a high lease rate as the price of oil ticks up

will take a beating until the gulf situation is resolved but will comeback

oversold

Insurance proceeds + oversold = CASH MONEY

This will eventually recover.

Deepwater horizon, oil prices, near a bottom, large margin of safety to intrinsic value

Why is this down? RIG gets to rebuild the oil platform right? Its BP that should be taking the hit, not RIG.

Looks like BP is taking the major hit on the oil spill. Changing my pick from bear to Bull.

Hammered down.

Putting real money here at today's price. When all the investigations are done, I think we'll see that this disaster could easily have been avoided and deepwater drilling can be done safely.

hammered due to the oil spill. This is a long term call. Downside risk at this price is still there, but I like the downside/upside risk/reward here.

I don't have much knowledge or experience in this industry, but I'm willing to bet that most of the downside has already been accounted for somewhere in the $10+ billion in lost market cap. Ultimately I think BP is closer to this mess than RIG and they're the ones who will have to bear the brunt of the monetary damages as well as the headline risk.

Involved in an unfortunate accident, followed by lot's of unwarrented finger pointing. RIG is unpopular now, but still a very profitable company and memories are short. A good contrarian play. In my real world portfolio.

Been beaten down pretty badly even though the responsibility of the spill ultimately rests elsewhere.

May 17, 2010 limit; current price 62.67, target $50. This one is taking a heck of a beating, but it does not have a long history of extraordinary value. Hard to know what is in the immediate future, but it was at $50 not so very long ago, a time they were not facing major lawsuits.

These guys will not pay any damages other than to the victims who were on the platform when it was destroyed and lost equipment. All damage to the environment is covered by an emergency fund that was set up using American tax payer dollars.

On 3-18-2010, started at $62 (oppotunistic entry point) due to recent disaster in the Gulf of Mexico. P/E = 7.2; P/B = .98; P/E*P/B = 7.06; Market cap = 20.8B (lost approximately 10B, or 1/3 of its market value in less than a month). Current Ratio: 1.40; LT Debt to Equity: 0.47; Total Debt to Equity: 0.54. Consider for IRA if it falls below $60 (No Dividend!!!).

Drill baby drill.

big over-reaction to the spill, not their fault, and even if it was, cleanup cost wouldn't even hurt them all that badly