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Wednesday, November 7, 2012
Investopedia: Improving Utilization And Efficiency Should Shrink Transocean's Discount
It's been a long and painful fall for Transocean (NYSE:RIG).
Once seen as one of the best operators in the energy space, and
deserving of a premium valuation as a result, Transocean has struggled
with its involvement in high-profile accidents, unacceptable downtime
leading to contract cancellations and various other operational
shortcomings. While I wouldn't say that Transocean is completely in the
clear again, nor back in Wall Street's good graces, the combination of
improving operations and discounted valuation could make this stock an
outperformer in 2013.
To continue, please click below:
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