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RIG - Transocean

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 4, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

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    Transocean Ltd. (RIG) is one of the world's largest offshore drilling contractors and is based in Vernier, Switzerland. The company has offices in 20 countries, including Switzerland, Canada, United States, Norway, Scotland, Brazil, Singapore, Indonesia and Malaysia.

    In 2010, Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.

    On 23 November 2015 Transocean announced that it intent to delist its shares from the SIX Swiss Exchange due to financial reasons. The delisting will be effective on March 30, 2016. After the delisting the shares will be removed from the Swiss blue-chip index Swiss Market Index.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Giving back all of Thursdays gains!
     
  3. StockJock-e

    StockJock-e Brew Master
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    Transocean shares sink 7% after Reliance cancels drill ship contract

    Shares of Transocean sank on Monday after the offshore oil services firm announced a large Indian customer has dropped a contract for one of Transocean's drilling ships ahead of schedule.

    The stock fell about 7.5 percent to about $9.85 a share on Monday. Transocean shares are down more than 20 percent this year as the company and its peers continue to struggle through a prolonged downturn in oil prices that has led many exploration and production customers to seek discounts on services and end contracts for equipment.
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Morgan Stanley
    Change: Upgrade
    Previous Rating: Underweight
    Current Rating: Equal Weight
    Previous Price Target: N/A
    Current Price Target: N/A
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    RIG tops Street 3Q forecasts

    upload_2016-11-3_7-36-55.png
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

    Officer sold roughly 40% of his shares

    upload_2016-11-15_2-25-15.png
    upload_2016-11-15_2-25-43.png
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nice chart

    upload_2016-12-5_9-54-2.png

    Not in real time
    upload_2016-12-5_9-53-9.png
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Isn't this one that headed up with DRYS? Obviously paced itself though and wasn't a pure gamble like that one.
     
  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I think your right, Chris

    upload_2016-12-6_7-18-51.png
     
  10. StockJock-e

    StockJock-e Brew Master
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    RIG still has legs here, that little sell off last week shook out some of the weaker hands and then kept going!
     
  11. heyimsnuffles

    heyimsnuffles Active Member

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    Will it make it to $17 before it pullsback?

    [​IMG]
     
    StockJock-e likes this.
  12. StockJock-e

    StockJock-e Brew Master
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    Tough call, looks like your RSI is getting into overbought territory, but the trend is strong.
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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  14. fidelgeorge

    fidelgeorge Well-Known Member

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    Shares of Transocean ($RIG) may be in focus after the oilfield services company agreed to sell 15 drilling rigs to Norway's Borr Drilling for $1.35 billion.
     
  15. LloydWCoutee

    LloydWCoutee Active Member

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    will be watching this for swinging a few calls
     
  16. rolexian

    rolexian Member

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    I'll be adding to my position at these levels.
     

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