We came across a bullish thesis on Transocean Ltd. on Deepwater Insight’s Substack by Tommy Lee. In this article, we will summarize the bulls’ thesis on RIG. Transocean Ltd.’s share was trading at $3.1 as of September 29th. RIG’s trailing P/E was 18.15 according to Yahoo Finance.
Pixabay/Public Domain
Transocean (RIG) is a leading deepwater driller with a top-tier fleet, including two 8G drillships with 20k-psi completion capability, eight ‘7G+’ drillships with 1,400-st...
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