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Parker Drilling Value PropositionHolmes_Osborne • Wed, May 15 -
Marketwire (May 13, 2013)
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Marketwire (May 8, 2013)
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Investors Need Not Dig Deep To Find Value With Transocean BondsBondsquawk • Tue, Nov 20, 2012
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Transocean Ltd., Shelf Drilling International Holdings, Ltd. - M&A CallWed, Sep 12, 2012
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Transocean's CEO Discusses Q4 2011 Results - Earnings Call TranscriptMon, Feb 27, 2012 • 1 Comment
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Transocean CEO Discusses Q2 2011 Results - Earnings Call TranscriptThu, Aug 4, 2011
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Transocean CEO Discusses Q1 2011 Results - Earnings Call TranscriptThu, May 5, 2011
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Transocean CEO Discusses Q4 2010 Results - Earnings Call TranscriptThu, Feb 24, 2011
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Transocean Ltd. Q2 2010 Earnings Call TranscriptFri, Aug 6, 2010
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Transocean Ltd. Q1 2010 Earnings Call TranscriptSat, May 8, 2010
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Transocean Ltd. Q4 2009 Earnings Call TranscriptWed, Feb 24, 2010
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Transocean Ltd. Q3 2009 Earnings Call TranscriptWed, Nov 4, 2009
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Transocean LTD. Q2 2009 Earnings Call TranscriptWed, Aug 5, 2009
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Transocean LTD. Q1 2009 Earnings Call TranscriptWed, May 6, 2009
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Marketwire (Fri, 1:49PM)
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at MarketWatch.com (Thu, 4:32PM)
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at CNBC.com (Wed, 5:40PM)
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at MarketWatch.com (May 13, 2013)
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Marketwire (May 13, 2013)
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at Fox Business (May 10, 2013)
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at CNBC.com (May 9, 2013)
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at CNBC.com (May 8, 2013)
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Marketwire (May 8, 2013)
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at MarketWatch.com (May 8, 2013)
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Marketwire (May 3, 2013)
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at MarketWatch.com (Apr 22, 2013)
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at CNBC.com (Apr 15, 2013)
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at CNBC.com (Apr 3, 2013)
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at CNBC.com (Mar 27, 2013)
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at CNBC.com (Mar 25, 2013)
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at CNBC.com (Mar 20, 2013)
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at CNBC.com (Mar 19, 2013)
RIG vs. ETF Alternatives
Company Description
Transocean Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, "Transocean," the "Company," "we," "us" or "our") is a leading international provider of offshore contract drilling services for oil and gas wells. As of February 3, 2009, we owned, had... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, April 30, 5:14 PM Transocean (RIG) provides a preliminary analysis of the initial phase of its cost-cutting initiative, anticipating the effort will achieve annual savings of ~$300M by next year. RIG says reductions include the consolidation of facilities and the streamlining or elimination of certain business functions and processes. Shares +0.7% AH. Comment! [Energy]
- Monday, April 29, 12:58 PM Chevron (CVX +0.8%) could restart production at its Frade field in Brazil this week after being shut for more than a year because of an oil spill, according to 30% stakeholder Petrobras (PBR). At the time of the shutdown, CVX halted 60K bbl/day of output at Frade; CVX and rig operator Transocean (RIG) faced criminal and civil lawsuits for their roles in the oil spill. Comment! [Energy, Global & FX]
- Friday, April 26, 10:09 AM Proxy advisory service ISS recommends Transocean (RIG +1.3%) shareholders vote for two of three board candidates proposed by Carl Icahn, and vote against RIG Chairman J. Michael Talbert. RIG strongly disagrees with the ISS position, saying Icahn and his nominees haven't offered a plan "other than the extraction of an unsustainable dividend." 2 Comments [Energy]
- Thursday, April 18, 5:29 PM The Treasury Department has been slow to set up rules for its Gulf Coast trust fund, potentially delaying billions of dollars in payments to repair economic and environmental damages from the 2010 Deepwater Horizon oil spill, the department's inspector general says. Last month, the fund received its first payment - $320M from Transocean (RIG) - which is now accruing interest. 3 Comments [Energy]
- Thursday, April 18, 4:46 PM In its monthly fleet status report, Transocean (RIG) says the value of new contracts or extensions since the March 14 update totals ~$1.2B. All RIG's newbuild rigs are under contract. The newbuild Deepwater Asgard was awarded a three-year contract with a major international oil company for work offshore Indonesia at a dayrate of $600K. Comment! [Energy]
- Wednesday, April 17, 3:59 PM Carl Icahn issues a letter to Transocean (RIG -2.3%) shareholders urging them to vote for his proposal to increase the dividend to $4/share and to elect his three nominees for RIG's board of directors. RIG's own board nominees "have overseen the destruction of at least $11B of shareholder value," Icahn writes. 2 Comments [Energy, On the Move]
- Thursday, April 4, 9:43 AM Carl Icahn again urges Transocean (RIG -0.6%) shareholders to vote for his board slate and proposal to raise its annual dividend to $4/share from $2.24 at RIG's May 17 annual meeting. Icahn's letter says his proposed directors are ready, willing and able "to focus the company on higher return opportunities and distribute more cash to shareholders." Comment! [Energy]
- Wednesday, April 3, 3:44 PM The federal judge overseeing the BP Gulf of Mexico oil spill trial dismisses all claims against Cameron (CAM), manufacturer of the blowout preventer which was supposed to shut down the Macondo well in an emergency. The extent of the evidence concerning the blowout preventer, Judge Barbier says, points "not at Cameron itself but rather at Cameron's customers in this case" - i.e., BP and Transocean (RIG). 14 Comments [Energy]
- Tuesday, March 26, 9:58 AM Spending on subsea valves, pipelines and cables to meet the challenges of ferrying oil and natural gas more than 10K feet through the ocean is expected to grow to a record $13.9B this year, a 66% jump over the $8.4B spent in 2012. Subsea development is only "in the middle innings"; FMC Technologies (FTI), Cameron (CAM) and others should enjoy a "powerful wave of orders" for at least the next five years. 2 Comments [Energy, Quick Ideas]
- Wednesday, March 20, 11:14 AM Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and using some of its extra cash on acquisitions to upgrade its fleet and improve sales growth, some analysts say. Purchasing a company - such as ORIG or PACD - with more modern rigs could help trim RIG’s maintenance costs and allow it to charge higher rates to customers. 2 Comments [Energy, M&A]
- Tuesday, March 19, 12:58 PM Transocean's (RIG) crew on the Deepwater Horizon “should have done more" to prevent the rig’s explosion in the Gulf of Mexico in 2010, CEO Steven Newman says at the trial over the disaster, faulting it for accepting the assessment of BP's well site leaders. RIG was responsible for safely performing its own operations on the rig, but overall responsibility for well safety rested solely with BP, Newman says. 4 Comments [Energy]
- Tuesday, March 19, 12:35 PM Rowan (RDC -3%) says it's open to forming a tax-advantaged partnership for some of its rigs, CEO Matt Ralls says, but will let another rig contractor such as Transocean (RIG) prove the effectiveness of the MLP structure first. “The jury’s still out" on the Seadrill (SDRL) partnership, Ralls says: “When you look at the way their stock trades, it’s not clear they’ve improved." Comment! [Energy, On the Move]
- Monday, March 18, 7:18 AM The board at Transocean (RIG) urges shareholders to reject a plan by Carl Icahn to name three new board members and increase the company's dividend payout rate. Transocean calls Icahn's strategy "flawed" and says it's only aimed at churning up short-term returns. Comment! [Energy]
- Friday, March 15, 3:32 PM Transocean (RIG -1%) is cut to Hold from Buy with a $54 price target (from $57) at Jefferies, which says the provider of offshore contract drilling services is at a crossroads after a structural recovery. RIG can accept slower growth and return cash aggressively, but total longer term returns would benefit from stronger growth; the firm thinks M&A is the best way to accelerate that growth. 6 Comments [Energy, Quick Ideas]
- Thursday, March 14, 4:25 PM Transocean (RIG) provides its monthly fleet update: Estimated 2013 out-of-service time decreased by a net 45 days, two standard jackups were sold (details not yet disclosed), and hird-party certification of well control equipment was obtained on 42 of its 64 active floaters (24 of 27 ultra-deepwater rigs). Comment! [Energy]
- Thursday, March 14, 3:09 PM Transocean (RIG +1.4%) failed to make dozens of critical repairs and maintenance checks on the Deepwater Horizon, a witness for plaintiffs suing over the 2010 Gulf of Mexico oil spill testifies, according to Bloomberg. “Safety critical” systems and equipment had been waiting for maintenance or repairs for months and, in some cases, years, showing RIG's gross negligence, the witness says. Comment! [Energy]
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The Wall Street Transcript
Transocean LTD ($RIG) Sees Potential Stock Upside in Coming Years After Macondo Issues- http://su.pr/1VHuw8 - View all 0 replies
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Bob de'Long
$RIG to pay a big fine of of stockholders' funds, but officers skating free -- skate, skate away; glide, glide and sway, wandering ... - View all 1 replies
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Ryan Mallory
Morning Coffee, Day Trading Watchlist $URI $JOSB $RIG by @wallstreetnole http://bit.ly/VKGt3W - View all 4 replies
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Perkins Cove: So, you know at least one Stocktalker is payin' attention......grin -
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StockBeaver
I list $FDX as 3rd on my list of OverBought Stocks behind $RIG and $MDT. I display analysis here: http://bit.ly/VTwqKL - View all 0 replies
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The Wall Street Transcript
Transocean LTD ($RIG) Improves Operations and Develops Strong Backlog- http://su.pr/3D2ZTr - View all 0 replies
LATEST REPLIES
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Power Hedge
RIG contract shows that offshore drilling fundamentals are staying strong: http://bit.ly/NoNOBL - View all 2 replies
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Energysystems: The trend is up for oil, long term. These short term pullbacks open up buying opportunities. For me, I'll stick with SDRL. -
Power Hedge: True... and for some reason these drillers see their stock prices move with oil prices yet their revenues are largely inelastic to them.
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James Gornick
Following reasons for oil dipping and why (RIG) and others, like (SDRL) are rockets ready to take off. read http://seekingalpha.com/p/amsb - View all 1 replies
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James Gornick: Further review has Accumulation over Distribution with 50-day MA holding with conviction of volume trigger buy signals revealed on (SDRL).
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Bob de'Long
Watch post-earnings release on CLR & RIG. I wonder if RIG's Macondo Well disaster was over-shadowed by the President Obama reaction? - View all 1 replies
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Mercy Jimenez
RIG still learning; Norway = RIG committed "serious violations" of maintenance and safety rules in Norwegian waters http://reut.rs/HojQNQ - View all 2 replies
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Hillbilly Stock Star: No more spills Please! They beat all players with a stick!
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dudleyc100
I am confused. I read that RIG discontinued its 2012 dividend but see articles that refer to its 6% dividend. What is going on? - View all 2 replies
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vireoman: Good question. I wasn't expecting a div, but got $300 from them last week. Maybe it is the next div I won't get. -
dudleyc100: tell me in 3 months if you think of it - very wierd - enjoy the 300 bucks!!!!
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Mercy Jimenez
CVX and RIG execs barred from leaving Brazil and may face criminal charges on oil spill: http://reut.rs/FQ8phb - View all 2 replies
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Mercy Jimenez: In 2011 PBR had 66 leaks of oil; Wonder how many criminal charges were levied against the state-controlled oil co: http://nyti.ms/FPsQtb
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Stone Fox Capital
Interesting that $PACD ordered another deepwater ship the day after $RIG announced $650K dayrate on older ship. - View all 3 replies
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Stone Fox Capital
$RIG announces new contracts significantly above old ones. Deepwater Expedition got a $650K dayrate. - View all 1 replies
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Julius Ferraro: it was a special dividend but i guess people weren't expecting it. Are they paying out he fourth installment? If not i smell a lawsuit -
Energysystems: better to be in sdrl anyway. Massive divi, youngest fleet of any major, and nice growth.
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Ocean Man: I'll look into it. I have seen two positive reports on Cali oil production this month, but one was to the benefit of a private company.
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The Stock Hawk
Big win for RIG in the BP oil spill case, although they're still not out of the woods - View all 1 replies
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