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Transocean Ltd. (RIG)

NYSE - NYSE Delayed price. Currency in USD
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3.5400+0.0600 (+1.72%)
At close: 04:00PM EDT
3.5100 -0.03 (-0.85%)
After hours: 07:53PM EDT

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  • p
    psight
    Fast Money show on CNBC just mentioned RIG. FYI.
  • M
    Mason
    I lost most of my trades lately I was lucky to come across Grey grateful for how much he had helped me recover all that I have lost, I've only proceed with progress. @contact him via Wh**atsApp +1 (312) 219-5981 with the trading strategy given to me by Mr Greywayne
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  • E
    Espen
    Someone please pop that 3,50 zit and let this baby fly again
  • p
    pascal
    Rochester, what do you know about managing an international company ? This team is doing a great job ,they have a clear strategy which start to pay.
  • p
    pascal
    Oil price has an indirect impact on rig . It gives more comfort for oil companies to re-invest in exploration. There is still a delay between decision to invest and the start of drilling activities. This is why the stock should rocket beginning of 2023. Too many negative comments here , is it due to frustration/ impatience , even there are some kind of Nostradamus . What ever it is I m long and wait 2023 , the return will be impressive .
  • R
    R2E Biz Acct
    It may not be possible that bankruptcy is an immediate process but mostly feasible.
    These guys, they got used to diluting shares, hopping on debt, sitting in office and taking it easy. $RIG and its cousin $BORR both based in EU countries where woke is the new coke and showers are optional. Net result is erosion of fundamental business value justification whereby all assers are not created equal. Before long $OIS and $OII could issue challenges none can accept and path becomes clearer.
  • A
    Alex
    Esgian is showing a new three year contract for Transocean Norge with Wintershall DEA in Norway. 1 Sep 2023 - 31 Aug 2026. If accurate would expect another press release soon.
  • P
    Patrick
    2072 will be great year
  • M
    Mark
    I hate to admit this but I Still have 1k shares of rig purchased in january 2014 at 46.67 a share. Rig had just came down from the 50s and paid a 3 dollar a share dividend what could go wrong? The world will always needs oil.Fast forward to today im broke my wife left me and my kids wont talk to me
  • R
    RJOHnWendyskid
    So backlog now is $7.1B
  • j
    john
    It was a good earnings report in my opinion. The consensus was a -.14 loss per share and they came in at -10. Which is way better than the last few years. The future is looking alot better as new drilling contracts have been basically non existent the past couple of years.
  • k
    k
    Transocean is clearly on course back to profitability.
  • K
    Kevin
    More contracts are coming. They wouldn’t post two contracts in the same day if these are the only 2 added on; logic tells me a handful more are yet to be disclosed. $10 here we come.
  • B
    Best Wheels Imports
    Rig will hit $4.50 or over in next tow weeks. A good guess.
  • H
    Houston Oiler
    3.50 last summer when oil was at 50 then 3.50 when oil was at 120
    Now 350 with oil at 88
    Odd
  • R
    Roberto
    More of this.Yes please, Un-stacking Assets a genuine possibility
  • W
    Whistle
    Looking down the road, per Mey, “Our expected liquidity at December of 2023 is projected to be approximately $1.1 billion, reflecting $550 million remaining capacity of our revolving credit facility, and including restricted cash of approximately $280 million, which is primarily reserved for debt service, and anticipated secured financing of a second eighth generation drillship Deepwater Titan.”

    A little shaky. Restricted cash means only $800M+ available for ops and requires a full draw on the credit line and successfully mortgaging the Titan contract. Source, debt.

    Again, per Mey, “Retail rates have not comfortably surpassed levels necessary to generate cash flow sufficient to meaningfully support deleveraging our balance sheet over time.”

    Can new contracts materialize quickly enough? Timing is critical, for example the Petrobras contract for $951M is down the road and follows completion of its current commitments. Good to see but down the road. More 2023 contributors are needed.

    RIG needs a cash cushion, translation, continued dilution. Hence, RIG may remain range bound for a while.
  • S
    Shorty
    RIG looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
  • M
    Matty
    Transocean Announces $951 Million contract for Ultra DeepWater drillship Petrobras 10000. Work is expected to start in October 2023 thru August 2029.
  • B
    Best Wheels Imports
    Let’s hope good earning report