We came across a bullish thesis on Transocean Ltd. on Lasse’s Substack. In this article, we will summarize the bulls’ thesis on RIG. Transocean Ltd.'s share was trading at $2.9100 as of August 5th. RIG’s forward P/E was 18.15 according to Yahoo Finance.
Transocean Ltd. (RIG) is a leading provider of ultra-deepwater and harsh-environment drilling services, operating 34 mobile offshore drilling units, including 26 ultra-deepwater and 8 harsh-environment floaters. The company reported $952 million in contract drilling revenues for Q4 2024 and generated an adjusted EBITDA of $323...
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