Transocean Stock: Bulls, Do Not Despair

Nov. 24, 2023 11:48 PM ETTransocean Ltd. (RIG) StockSDRL, VAL, RIG90 Comments
Anna Sokolidou
4.2K Followers

Summary

  • Transocean's stock price has dropped due to factors such as debt exchange and earnings results.
  • The company's liquidity and financial position improved after issuing new shares in exchange for bonds, reducing debt and interest payments.
  • Despite some negative indicators, Transocean's earnings results were better than predicted, and the company's clients are willing to pay a premium for its services.

Нефтяная платформа Transocean Leader в Инвергордоне во время заката, перила круизного лайнера впереди

MarkusBeck/iStock via Getty Images

Transocean's (NYSE:RIG) stock price has taken a hit for a number of reasons. The debt exchange and the lower-than-expected results were some of the reasons. Also, the fact that oil prices decreased also affected RIG. However, it seems the

This article was written by

4.2K Followers
A research analyst and a freelance writer looking for value investment opportunities. I have several years of investing experience. I am mostly interested in writing about bargain stocks of large companies. My interest is not limited to American companies but extends to firms operating in other countries but listed on US stock exchanges.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RIG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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