Once considered the best offshore drilling company, if not one of the best energy-related companies overall, Transocean (RIG)
has had quite the run of trouble over the last two years. Not only is
Transocean still involved in the Macondo disaster mess with BP, but the company has had some very un-Transocean-like operating issues including significant unscheduled downtime.
Recent
results suggest that these problems are largely behind the company.
What's more, dayrates seem to be getting pretty healthy again. Though
Transocean shares are already well off their late 2011/early 2012
bottom, growing EBITDA and improving investor sentiment could lift these
shares higher still.
Read more here:
Can Transocean Send Its Problems To The Bottom Of The Sea?
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