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Transocean News

News on Transocean (Ticker: RIG) continually updated from thousands of sources around the net.

1 hr ago | Sys-Con Media

Critical Alerts For JC Penney, Transocean, Shire, Canadian Solar and...

To see what our analysts have discovered about a particular stock, read the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. Today's PriceWatch Alerts cover the following stocks: JC Penney , Transocean , Shire , Canadian Solar , Norfolk Southern .

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Related Topix: JC Penney, Retail, Canadian Solar, Oil & Gas, Transportation, Railroads, Norfolk Southern

6 hrs ago | Seeking Alpha

Investors Should Not Underestimate The Value Of Transocean's And Seadrill's MLPs

The MLP structures being put in place throughout the offshore drilling industry are not to be underestimated. These structures are able to assist Transocean , Seadrill and Ocean Rig all meet shareholder distribution targets by helping with cash infusions through drop-downs at better-than-market rates.

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Related Topix: Oil & Gas, Offshore Drilling, Stanley

Tue Sep 16, 2014

Bloomberg

BP Seeks Access to $750 Million Transocean Insurance

BP Plc , which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd. 's insurance policies on the doomed Deepwater Horizon rig. BP filed claims with Transocean's carriers in 2010, seeking to tap a $50 million primary policy issued by Ranger Insurance and $700 million in excess coverage from Lloyd's of London and other underwriters.

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Related Topix: Oil & Gas, Oil Spill, Texas

TheStreet.com

Transocean (RIG) Downgraded From Buy to Hold

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. TheStreet Ratings quantitative algorithm evaluates over 4,300 stocks on a daily basis by 32 different data factors and assigns a unique buy, sell, or hold recommendation on each stock.

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Related Topix: TheStreet, Oil & Gas, Financial Markets

Seeking Alpha

Transocean Partners: Drop-Down Inventory Offers Visible Growth

RIGP is well contracted through 2017, offering investors a strong line of sight into the company's cash flow generation capacity. Transocean Partners LLC is a growth oriented limited liability company formed by Transocean , one of the world's largest providers of offshore contract drilling services, to own, operate, and acquire offshore drilling rigs.

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Related Topix: Banking, Financial Services, Oil & Gas, Riggs National, Offshore Drilling, BHP Billiton, Mining, Chevron Corporation, Energy

Mon Sep 15, 2014

AmericanBankingNews.com

Transocean LTD Target of Unusually Large Options Trading

Shares of Transocean LTD were the target of unusually large options trading on Monday. Stock investors purchased 19,553 put options on the stock, AnalystRatingsNetwork.com reports.

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Related Topix: Oil & Gas

Seeking Alpha

Noble Corp. Fleet Analysis: After The Paragon Offshore Spin-Off

Noble Corp. is a top-tier offshore drilling company based in London, with a large rig fleet operating around the world. Noble spun off 43 rigs of its fleet under a new company, called Paragon Offshore Plc., in August.

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Related Topix: Noble Corporation New Cayman, Energy, Oil & Gas, Offshore Drilling

Sun Sep 14, 2014

Seeking Alpha

The Forest Vs. The Trees Of The Offshore Drilling Industry

It is no secret that the oil companies prefer leasing the most modern and safest rigs . The companies that provide offshore oil drilling services have been falling quite a bit lately.

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Related Topix: Energy, Oil & Gas, Offshore Drilling, Ensco International

Seeking Alpha

Ensco Remains On Track To Grow

The company has been able to grow utilization rates for its rigs despite fears about a slowdown in the sector. Medium-long term prospects of the offshore drilling sector are good as the rising demand for oil and gas and strong crude prices will prompt an increase in offshore assets.

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Related Topix: Energy, Oil & Gas, Ensco International, Offshore Drilling

Fri Sep 12, 2014

Barron's

Don't Underestimate Transocean's MLP: Morgan Stanley

Earlier this year, Transocean completed the initial public offering for Transocean Partners , a master limited partnership holding several of its drilling rigs. Today, Morgan Stanley's Ole Slorer and Jacob Ng , reiterated their Equal-Weight rating on the stock, but write that investors should keep an eye on Transocean Partners, which offers a source of funds for fleet replacement, as well as shareholder-friendly policies like share buybacks and dividend increases.

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Related Topix: Oil & Gas, Stanley

Seeking Alpha

Noble Corp's Fleet Report

On Thursday, Nobel Corp released the company's September Fleet Status Report. This is NE's second report since the Paragon Offshore transaction .

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Related Topix: Energy, Oil & Gas, Noble Corporation New Cayman

Thu Sep 11, 2014

Seeking Alpha

Seadrill Reports That The Offshore Drilling Market Is Slowing

Seadrill has long been a staunch optimist when it comes to the outlook for the offshore drilling sector. The company has remained upbeat, while others have questioned the strength of the market.

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Related Topix: Offshore Drilling, Energy, Rowan Companies, Oil & Gas

Wed Sep 10, 2014

Seeking Alpha

BP Still Needs To Clean Up Its Reckless Act: Another $18 Billion In Fines On The Horizon

US District Court concluded that BP was "grossly negligent" and eligible for an additional $18 billion in penalties; BP has set aside only $3.5 billion for these reasons. This amount will certainly reduce what BP can pay shareholders--and could considerably hamper the company's global operations; BP is considering divesting further from its Russian assets.

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Related Topix: BP plc, Oil & Gas, Prison, Banking, Financial Services, Riggs National, Halliburton, Energy

Seeking Alpha

2 Thorns And A Rock Are Holding BP Back

Russia makes up 30% of BP's output, but concerns over another Cold War resulting in it losing its Rosneft stake seem overblown. The ghosts of 2010 continue to haunt BP plc as it was found to be "grossly negligent" and "reckless" in regards to its Macondo well.

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Related Topix: BP plc, Oil & Gas, Halliburton, Energy, Anadarko Petroleum

Tue Sep 09, 2014

Seeking Alpha

Energy Portfolios - Simple Analysis Re: The Fossil Fuel Portfolio

Background: On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 Mil in the Sustainable Energy space and $8.0 Mil in the fossil fuel space. In a period when the Dow Industrials rose 30%, the S&P 500 rose 40%, and the Popular Logistics "Sustainable Energy Portfolio" rose 223%, the "Fossil Fuel Portfolio" rose 21%.

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Related Topix: Sustainable Energy, Halliburton, Energy, Oil & Gas

Mon Sep 08, 2014

AmericanBankingNews.com

Transocean LTD Sets New 52-Week Low at $37.20

Transocean LTD hit a new 52-week low during mid-day trading on Monday , American Banking News.com reports. The stock traded as low as $37.20 and last traded at $37.26, with a volume of 3,115,327 shares.

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Related Topix: Oil & Gas

Seeking Alpha

Why There May Be Cause For Concern Over Seadrill's Dividend

This was despite its core operating fundamentals, which have deteriorated recently due to the rough patch for offshore oil drilling. Seadrill has $10 billion of long-term interest-bearing debt, negative free cash flow, and significant fleet upgrade needs, all of which could pressure its dividend if the environment doesn't improve.

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Related Topix: Financial Services, Oil & Gas, Riggs National, Banking

Seeking Alpha

Seadrill And Transocean: Complete Fleet Comparison And Analysis As Of September 8, 2014

Seadrill and Transocean are two top-tier offshore drillers which are my best picks due to their financial potential, their impressive backlog and their attractive safe dividend. Transocean and Seadrill present a unique opportunity now, considering that they trade at a discount compared to their actual fair value, assuming a great growth potential by the mid-2015.

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Related Topix: Banking, Financial Services, Oil & Gas, Riggs National, Offshore Drilling

Sun Sep 07, 2014

Seeking Alpha

Transocean: 8% Dividend Unsustainable

RIG earns cash flow from operations of $6.00/share, has average capital expenditures of $5.50/share and pays a dividend of $3.00/share . This is unsustainable in our view.

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Related Topix: Banking, Financial Services, Oil & Gas, Riggs National, Energy, Rowan Companies

Seeking Alpha

Is Transocean A Strong Value Play?

Transocean Ltd. recently saw the conclusion of the 2010 Gulf Oil Spill case which brings some stability to the stock. Transocean Ltd. has a strong EV/EBITDA, P/E, and P/B, which indicates that it might be a strong value play.

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Related Topix: Oil & Gas, Energy, Rowan Companies, Offshore Drilling, Ensco International, Financial Markets

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