Transocean Ltd: Fleet Analysis As Of October 15 And Commentary
- Transocean Ltd., released its new fleet status on October 15 with some good surprises when considering the weak market and depressed oil price.
- Transocean Ltd., and the whole offshore driller industry have entered a bearish cycle due to the sudden drop of the price of oil.
- Transocean is a solid company with a strong backlog which will shield the company against this momentarily weakness. I believe RIG presents a good opportunity at this price.