Transocean (RIG) +1.5% premarket after providing its fleet update summary, which includes new...


Transocean (RIG) +1.5% premarket after providing its fleet update summary, which includes new contracts and significant changes to existing contracts. Since RIG's May update, backlog associated with new contracts or extensions is ~$2.5B and planned 2012 out of service time decreased by a net 19 days.

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Comments (5)
  • UNCMOISH
    , contributor
    Comments (15) | Send Message
     
    I HAVE RIDDEN RIG [AND IT'S PREDECESSORS FOR ABOUT 40 YEARS, AND MADE LOTS OF DOUGH. NOW, HOWEVER, DUE TO MY ADVANCED AGE, I WILL UNLOAD MY HOLDINGS WHEN ANOTHER CYCLICAL PEAK ARISES, WHICH WILL HAPPEN WITHIN THE NEXT TWO YEARS. I HOPE I AT LEAST LIVE THAT LONG.
    15 Jun 2012, 09:00 AM Reply Like
  • maudie
    , contributor
    Comments (489) | Send Message
     
    Best wishes.
    15 Jun 2012, 09:18 AM Reply Like
  • InvestRite#1
    , contributor
    Comments (182) | Send Message
     
    UNCMOISH, the very best to you Sir. You'll make it, and you'll do just fine. So how do you feel about adding to your position at this point? Seeing that is, that selling won't occur for awhile.
    16 Jun 2012, 04:09 PM Reply Like
  • chopchop0
    , contributor
    Comments (5268) | Send Message
     
    The drillers are dogs with oil well below $100. I'll jump back in when we start seeing a big move up in oil prices.
    15 Jun 2012, 09:45 AM Reply Like
  • saratogahawk
    , contributor
    Comments (2536) | Send Message
     
    I am very pleased by the fleet status report. It shows continuing improvement in day rates, backlog, and the workout of the bop and recert work that has been underway since Macondo. RIG is getting primed for a nice spike in earnings. The end game in the Macondo lititgation is still to play out but so far RIG looks very well insulated from anything above the $1 billion they have reserved for any litigation damages.
    16 Jun 2012, 11:02 AM Reply Like
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