1 hr ago
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 .
6 hrs ago
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.
Tue Sep 16, 2014
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.
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.
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.
Mon Sep 15, 2014
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.
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.
Sun Sep 14, 2014
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.
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.
Fri Sep 12, 2014
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.
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 .
Thu Sep 11, 2014
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.
Wed Sep 10, 2014
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.
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.
Tue Sep 09, 2014
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%.
Mon Sep 08, 2014
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.
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.
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.
Sun Sep 07, 2014
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.
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.