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Is Transocean Ltd. (RIG) A Good Stock To Buy Now?

Is RIG a good stock to buy? We came across a bullish thesis on Transocean Ltd. on The Mispricing Desk’s Substack. In this article, we will summarize the bulls’ thesis on RIG. Transocean Ltd.'s share was trading at $6.04 as of June 12th. RIG’s forward P/E was 3.55 according to Yahoo Finance.

[caption id="attachment_913879" align="aligncenter" width="750"] Pixabay/Public Domain[/caption]

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. RIG is being valued by the market...