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RIG / Transocean: Registration Statement For Largest Shareholder No Reason To Worry - Buy

Transocean: Registration Statement For Largest Shareholder No Reason To Worry - Buy
Last week's registration statement has caused some flurry among investors with Transocean Ltd.'s largest shareholder, Frederik Mohn seemingly looking to dispose of some or even all its holdings in the company. With Mr. Mohn's overall return on his investment in Transocean still negative and considering ongoing, strong industry conditions, I would be very surprised to see him selling shares anytime soon. Assuming full conversion of the company's remaining exchangeable notes, Transocean would be required to issue 143.2 million new shares. Read More
Posted: Sep 7 2023, 13:28
Author Name: Seeking Alpha
Views: 110944

RIG News  

Transocean (RIG) Q3 Loss Wider Than Expected, Revenues Miss

By Zacks Investment Research
November 1, 2023

Transocean (RIG) Q3 Loss Wider Than Expected, Revenues Miss

Transocean (RIG) expects adjusted contract drilling revenues of $760 million in the fourth quarter of 2023, based on a fleet-wide revenue efficiency o more_horizontal

Transocean (RIG) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
October 30, 2023

Transocean (RIG) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Transocean (RIG) give a sense of how its business performed in the quarter ended September 2023, it might be worth co more_horizontal

Transocean (RIG) Reports Q3 Loss, Lags Revenue Estimates

By Zacks Investment Research
October 30, 2023

Transocean (RIG) Reports Q3 Loss, Lags Revenue Estimates

Transocean (RIG) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0 more_horizontal

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

By Seeking Alpha
October 23, 2023

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

After the close of Wednesday's session, leading offshore driller Transocean released a rather disappointing fleet status report. While the company add more_horizontal

Transocean Ltd. Announces Third Quarter 2023 Earnings Release Date

By GlobeNewsWire
October 12, 2023

Transocean Ltd. Announces Third Quarter 2023 Earnings Release Date

STEINHAUSEN, Switzerland, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third qua more_horizontal

Transocean: May Soar By 200% In The Next 36 Months

By Seeking Alpha
October 3, 2023

Transocean: May Soar By 200% In The Next 36 Months

Transocean's stock is struggling to break through the $9 resistance line, but could reach double digits this year. New drilling contracts and rising o more_horizontal

3 Offshore Oil Stocks Riding the Waves of Momentum

By InvestorPlace
September 26, 2023

3 Offshore Oil Stocks Riding the Waves of Momentum

One sector generating major gains in 2023 went largely unnoticed – offshore oil stocks. Stocks in the sector exploded over the past few months, with more_horizontal

Transocean to offer $300 million of five-year bonds

By Market Watch
September 26, 2023

Transocean to offer $300 million of five-year bonds

Offshore drilling services provider Transocean Ltd. RIG, +2.95% said Tuesday it's planning a private offering of $300 million of five-year bonds. more_horizontal


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