$RIG-Bullish- Upcoming Quarterly Monday May 3rd after close
Transocean Ltd.($RIG) is the world’s largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, Scotland, India, Brazil, Singapore, Indonesia, and Malaysia. It has seen alot of ups and downs due to the effect of the epidemic, however, as the economy continues to come back to life, IMO this will go back to target $6-$8, with potential to go even higher than that.
Most Recent News: https://www.deepwater.com/news/detail?ID=25196
This quarter’s report includes the following updates:
Deepwater Asgard – Awarded a three-well contract, plus a one-well option in the U.S. Gulf of Mexico; Deepwater Invictus – Customer exercised a one-well option in the U.S. Gulf of Mexico; Deepwater Nautilus – Awarded a three-well contract, plus three one-well options; Deepwater Nautilus – Customer exercised a one-well option; and Transocean Norge – Customer exercised a one-well option in Norway. As of April 28, 2021 the company’s total backlog is approximately $7.4 billion.
Transocean has solidified several contracts as stated in article above. With Deepwater Skyros selected as Total’s 2020 Rig of the Year. https://www.linkedin.com/company/transocean/videos/
The reason I wanted to highlight this stock is because Monday May 3rd after market close, it will announce its quarterly report. This might be the best opportunity to get into the stock before it skyrockets.
https://www.deepwater.com/ Has all of the companies reports.
This is my first DD on a stock and this is not financial advise by any means, just wanted to highlight the stock for those interested and see if there are any further opinions on the it. Excited to see what happens on monday!! Thanks in advance!
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May 2, 2021 at 10:33AM