Browse by ▼

Transocean, Inc.

  • Investment Ideas from Appaloosa Management’s 13F Filing

    By Aubrey Tabuga - May 19, 2013 | Tickers: CMCSA, MET, PRU, RIG

    The biggest items in Appaloosa Management’s shopping cart in the latest quarter are Comcast (NASDAQ: CMCSA), Transocean (NYSE: RIG), Prudential Financial (NYSE: PRU), and MetLife (NYSE: MET). The portfolio of this one-time Hedge Fund Firm of the Year based on the latest 13F filing may not necessarily be reflective of its most recent position. By the time the filings reach the SEC, the hedge fund may have already shorted more »

  • Buying on Weakness for This Offshore Drilling Provider

    By Nick Chiu - May 15, 2013 | Tickers: NE, SDRL, RIG

    Transocean (NYSE: RIG) owns the world's largest deepwater and ultra-deepwater drilling fleets and provides offshore contract drilling services for oil and gas wells internationally. Smart investors are patient and focus on the big trend for the long term. Despite the disappointing numbers, Transocean presents a good opportunity to buy on weakness to ride the uprising trend for offshore drilling while the company continues to maintain a strong backlog and more »

  • 3 Companies Drilling OPEC's Coffin

    By Robert Zimmerman - May 9, 2013 | Tickers: NE, SDRL, RIG

    Note: A previous version of this article incorrectly referred to Noble Corp as Noble Energy. The error has been corrected below.

    Oil exploration and production in the Gulf of Mexico continues its upward momentum in all aspects. By some estimates, the Gulf could yield 2.5 BOE/day. Given that the US imports about 4 million BOE/day from OPEC countries, Gulf of Mexico oil could seriously hurt OPEC imports more »

  • Following Icahn's Activist Investments

    By Anh HOANG - May 9, 2013 | Tickers: DELL, IEP, RIG

    Recently, Icahn Enterprises (NASDAQ: IEP), a listed diversified holding company led by famous activist investor Carl Icahn, announced its impressive first-quarter earnings results. In April, Icahn Enterprises experienced a sweet gain of almost 38%, from $54.50 per share to more than $75 per share. Should we invest alongside Carl Icahn by investing in Icahn Enterprises at its current trading price?

    Icahn Enterprises’ investment philosophy

    Icahn Enterprises, founded in 1987 more »

  • Which Deepwater Play Will Line Your Pockets?

    By Jordan Wathen - May 7, 2013 | Tickers: SDRL, RIG

    Deepwater drilling is overshadowed by onshore oil and natural gas plays, but the profits are still very real.

    Two major players get the bulk of attention from investors. On one hand, there is the older and more experienced Transocean (NYSE: RIG). On another hand is Seadrill (NYSE: SDRL), a new company backed by one of the John Fredriksen, a veteran of the oil container shipping business.

    What's the Difference more »

  • High EBITDA Growth, Consistent Dividend, and Cheaply Valued Companies (Part II)

    By Anh HOANG - May 2, 2013 | Tickers: HP, IAG, RIG

    In a previous article, I talked about two businesses, VSE and HollyFrontier, which had high EBITDA growth, paid uninterrupted dividends, and were valued cheaply. In this article, I will uncover more such stocks which possess the same criteria including: (1) annualized EBITDA growth in the past 10 years was at least 20%, (2) minimum 10 years of consistent dividend payments, (3) EV/EBITDA is in between 1 and 5, and more »

  • Rig Your Portfolio for Profits

    By Ted Cooper - May 1, 2013 | Tickers: ATW, DO, RIG

    The high price of crude oil over the last several years has served as a tremendous benefit for drilling companies. The higher the price of oil, the more incentive there is to drill new wells, which provides an uptick in business for drilling companies.

    However, the inverse is true as well. As the price of oil declines, so too does drilling activity. As a result, the drilling business experiences cyclicality more »

  • Buy This Offshore Driller for Major Dividend Upside

    By Piyush Arora - April 28, 2013 | Tickers: ESV, SDRL, RIG

    Shares of offshore drilling companies have been under pressure lately, mainly due to weaker oil prices and ordinary guidance provided by National Oilwell. But with the recovering major global economies and the political standoffs in Middle East, crude prices are expected to head north over the longer run.

    Naturally, oil exploration activities would follow crude prices, and the leading drilling companies including Seadrill (NYSE: SDRL), Ensco. (NYSE: ESV) and Transocean more »

  • 3 Offshore Drilling Giants Worth a Deeper Dive

    By Damian Illia - April 22, 2013 | Tickers: DO, NE, RIG

    Exploration and production for most of the oil & gas industry has become a headache. Oil is difficult to find, and is becoming more expensive to extract. That's placing drilling companies’ operations and increasing costs under increased scrutiny, even failed projects and exponential capital expenditures squeeze profit margins.

    Let's see how three major drillers are handling the pressure.

    Diamond Offshore: Revenues Down But Balance Sheet Is Healthy

    Diamond Offshore more »

  • Hedge Fund Takes 8.3% Stake in This Offshore Driller

    By Meena Krishnamsetty - April 21, 2013 | Tickers: ESV, NE, RIG

    According to a 13G filed with the SEC, Jeffrey Tannenbaum’s Fir Tree owned 21 million shares of Noble Corp (NYSE: NE), a $9.1 billion market cap contract offshore driller operating globally. This looks to have been a very big move for Fir Tree: the hedge fund had not owned any shares of Noble as of the end of December, per its 13F filing, and the size of this more »

  • Hedge Fund Takes 8.3 % Stake in This Offshore Driller

    By Meena Krishnamsetty - April 17, 2013 | Tickers: ESV, NE, RIG

    According to a 13G filed with the SEC, Jeffrey Tannenbaum’s Fir Tree owned 21 million shares of Noble Corp (NYSE: NE), a $9.1 billion market cap contract offshore driller operating globally. This looks to have been a very big move for Fir Tree: the hedge fund had not owned any shares of Noble as of the end of December, per its 13F filing, and the size of this more »

  • What's The Best Way To Get a Piece Of Icahn?

    By Jacob Wolinsky - April 15, 2013 | Tickers: IEP, NUAN, RIG

    Activist investors are a dime a dozen these days, yet some of them are redefining capital markets like no one else. Carl Icahn has an amazing knack for identifying undervalued companies and, unlike Warren Buffett, who sits comfortably after buying a stake, he makes it a point to ensure that the management takes note of his interest and delivers. Besides, he mostly manages to wriggle his way into favor. Nuance more »

  • A Potential 8% Yield for Transocean

    By Anh HOANG - April 12, 2013 | Tickers: ESV, NE, RIG

    Carl Icahn, one of the most famous billionaire activist investors in the world, has accumulated more than 20.1 million shares in one of the biggest global drilling-services companies in the world, Transocean (NYSE: RIG). At the moment, he is the owner of an approximate 5.4% stake in this company.

    Icahn recently sent an open letter to the company’s shareholders, urging them to vote for his proposal to more »

  • Those Two Companies Are Undervalued. So Is Icahn Enterprises

    By Anh HOANG - April 12, 2013 | Tickers: DELL, IEP, RIG

    Recently, Barron’s has featured activist investor Carl Icahn, stating that his investment partnership Icahn Enterprises L.P. (NASDAQ: IEP) returning an annualized gain of 20% in the past decade. Icahn has been well known for accumulating significant stakes in companies, nominating his people into the companies’ boards and pushing for corporate actions to unlock companies’ potential values.

    Icahn Enterprises has significant stakes in CVR Energy, Tropicana Entertainment and Viskase more »

  • A Potential 8% Yield for Transocean

    By Anh HOANG - April 8, 2013 | Tickers: ESV, NE, RIG

    Carl Icahn, the most famous billionaire activist investor, has accumulated more than 20.1 million shares in one of the biggest global drilling services company, Transocean (NYSE: RIG). At the current moment, he is the owner of around 5.43% stake in this company. Several days ago, he sent an open letter to the company’s shareholders, urging them to vote for his proposal to increase the dividend payment to more »

  • Resolving the Gulf Spill Trial Will be a Positive Catalyst For Both BP And Transocean

    By Robert Ciura - April 4, 2013 | Tickers: BP, RIG

    The trial of BP (NYSE: BP) and Transocean (NYSE: RIG), the operator and owner of the rig that tragically exploded in the Gulf of Mexico in 2010, recently entered its sixth week of proceedings. Nearly three years after the explosion, both stocks still suffer the stigma of the oil spill, and both companies are likely to face stiff financial penalties. While many investors pondering the financial ramifications of the trial more »

  • Dividend Stocks You Should Buy This Month

    By Madhu Dube - April 3, 2013 | Tickers: ESV, NBR, RIG

    According to the Energy Information Administration (EIA), global per-barrel oil prices will fall below $100 by the end of 2014. Additionally, the US oil imports will reduce to half of the mid-2000 level. This decline in imports is an indicator to the upsurge in the domestic oil production. The US per-day oil production in 2014, could reach its highest level in the past two-and-a-half decades. This gives a good growth more »

  • Resolving the Gulf Spill Trial Will be a Positive Catalyst For Both BP And Transocean

    By Robert Ciura - April 3, 2013 | Tickers: BP, RIG

    The trial of BP (NYSE: BP) and Transocean (NYSE: RIG), the operator and owner of the rig that tragically exploded in the Gulf of Mexico in 2010, recently entered its sixth week of proceedings. Nearly three years after the explosion, both stocks still suffer the stigma of the oil spill, and both companies are likely to face stiff financial penalties. While many investors pondering the financial ramifications of the trial more »

  • Smart Energy Firms Follow Growth Overseas

    By Joshua Bondy - April 2, 2013 | Tickers: HAL, SU, RIG

    The U.S. energy market is going through a classic boom. High prices have inspired new production, while at the same time decreasing consumption. No investment is guaranteed, but a good understanding of the macroeconomic situation can help to decrease risk. By investing in energy firms with interests outside of North America, you can benefit from stronger consumer demand. 

    US Crude Oil Production data by YCharts

    Offshore Drilling 

    Transocean (NYSE: RIGmore »)

  • Is it Worth Piggybacking the Iconic Carl Icahn?

    By AnnaLisa Kraft - April 1, 2013 | Tickers: ARII, IEP, RIG

    Whatever Carl Icahn is drinking I want some! How this septuagenarian activist-investor keeps running like the Energizer bunny is what intrigues me.

    According to the latest Forbes profile on Icahn he drinks Coke out of a crystal cup. Another Coke lover, like fellow iconic investor Warren Buffett. The only other similarity between Icahn and Buffett is their fondness for the rails with Icahn having held American Railcar Industries (NASDAQ: ARIImore »)

  • Page 1 of 6