Transocean (RIG +2.5%) bucks the downdraft in energy issues in today's trading, rising after...


Transocean (RIG +2.5%) bucks the downdraft in energy issues in today's trading, rising after reporting Q1 results buoyed by an improvement in utilization levels and rising rig rates. Analysts at Dahlman Rose say the quarter “will have positive implications" for the stock, and Guggenheim raises shares to Buy with a $65 price target, up from $46.

From other sites
Comments (2)
  • saratogahawk
    , contributor
    Comments (2534) | Send Message
     
    The conference call was very positive for market strength and pricing. Shipyard cost and timing is starting to become more transparent. They expect some major annoucements in the near future. Overall a very good call.
    3 May 2012, 12:30 PM Reply Like
  • rwcasey
    , contributor
    Comments (5) | Send Message
     
    The demand for oil is never going down notwithstanding the current Obama Admin. The big supply is mostly offshore and Rig is right with there with it. Every so often even the big guys hit a bump in the road but it is the big guys who have the horsepower to get over it and get moving again. Buying a $100 stock for $50 is simple math.
    3 May 2012, 03:00 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs