Latest news with #Transocean
Yahoo
5 days ago
- Business
- Yahoo
Transocean Ltd. (RIG) Up 9.5% Ahead of Q2 Earnings
We recently published . Transocean Ltd. (NYSE:RIG) is one of Tuesday's top performers. Transocean Ltd. rallied for a fourth straight day on Tuesday, adding 9.47 percent to close at $2.89 apiece as investors repositioned portfolios ahead of the release of its earnings performance for the second quarter of the year. Transocean Ltd. (NYSE:RIG) is scheduled to announce the results of its financial and operating highlights on August 4. A conference call will be held at 9 AM Eastern Time. In other news, Transocean Ltd. (NYSE:RIG) announced last week that it is working on a total contract backlog worth $7.2 billion across four offshore drilling rigs. On Tuesday, it announced the successful exchange with certain shareholders its 4-percent senior guaranteed exchangeable bonds into stocks. The notes were set to mature this year. An aerial view of an oil rig with drillers in hard hats working on the platform. Under the terms, the shareholders exchanged an aggregate principal amount of $157 million exchangeable bonds for 59 million shares with a par value of $0.10 apiece. The transaction effectively lowered Transocean Ltd.'s (NYSE:RIG) outstanding bonds to $77 million. While we acknowledge the potential of RIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Transocean Secures Multi-Well Deal in Australia, Boosting Offshore Visibility
Transocean is one of the best oil drilling stocks according to hedge funds, thanks to a compelling recent contract update. As of mid‑July, the Transocean Equinox semisubmersible rig is set to begin a multi-well gas exploration program in Australia's Otway Basin for ConocoPhillips and partners, with Phase 1 firm drilling scheduled to begin in Q3 2025. That news gives investors clarity on upcoming offshore activity at a time when drillers are seeing tighter utilization globally. This contract isn't small, it's part of a 16-well minimum campaign and includes two firm wells this year, with options for four more by 2028. Deals like this drive utilization, strengthen Transocean's offshore footprint, and signal greater day-rate negotiating power, key metrics hedge funds track closely. Corepics VOF/ Transocean (NYSE: RIG) is a pure-play offshore drilling contractor operating 32 mobile offshore drilling units, including 24 ultra-deepwater floaters and eight harsh-environment semisubmersibles. Almost all its revenue comes from long-term drilling contracts with oil and gas majors in major deepwater basins globally. While we acknowledge the potential of RIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
16-07-2025
- Business
- Yahoo
Seadrill Limited (SDRL): A Bull Case Theory
We came across a bullish thesis on Seadrill Limited on Investment theses in Small Caps & Macroeconomic analysis's Substack. In this article, we will summarize the bulls' thesis on SDRL. Seadrill Limited's share was trading at $28.77 as of July 15th. SDRL's trailing and forward P/E were 5.40 and 34.84, respectively according to Yahoo Finance. Aerial view of an oil rig in the sea waters, reflecting the company's involvement in the oil and gas markets. Seadrill, a prominent offshore driller, is emerging as a compelling player in a structurally improving sector that was in deep distress just a few years ago. Following a 2021 Chapter 11 restructuring, Seadrill eliminated nearly all of its debt and now operates with a net cash balance sheet and no maturities until 2030. Its fleet—comprising 9 drillships (+3 managed), 4 semisubmersibles, and one jack-up—positions it well in a tightening global rig market with limited new supply. Since relisting in 2022, Seadrill has maintained financial discipline, opting for share buybacks over newbuilds, aligning with an industry-wide trend of capital restraint amid elevated day rates in 2023–2024. Industry consolidation is another key dynamic, with Seadrill actively participating through its $1 billion all-stock acquisition of Aquadrill in 2023. It remains both a potential acquirer and target, amid speculation around Transocean's interest and public statements from its CEO advocating for continued industry consolidation. With several smaller drillers expected to face financial pressure in 2025 due to lower utilization and insufficient cash reserves, Seadrill's clean balance sheet gives it strategic flexibility. The broader offshore drilling industry is poised to benefit from a significant CapEx upcycle by oil and gas companies, anticipated to begin in 2H 2026 through 2027. Seadrill's blend of long-term Brazilian contracts and medium-term contracts ending in 2025/2026 positions it to capitalize on this cycle, though timing remains a key risk. Overall, Seadrill combines operational leverage, financial strength, and M&A optionality, offering an asymmetric opportunity in a capital-constrained, structurally improving sector. Previously, we covered a bullish thesis on Precision Drilling Corporation (PDS) by Nugget Capital Partners in April 2025, which highlighted the company's dominant Canadian market share, resilient rig demand, and undervaluation. The company's stock price has appreciated by approximately 18.12% since our coverage. The thesis still stands as long-term fundamentals remain intact. Investment Theses in Small Caps & Macroeconomic Analysis shares a similar view on Seadrill, but emphasizes offshore market tightening, financial discipline, and M&A positioning. Seadrill Limited is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held SDRL at the end of the first quarter which was 42 in the previous quarter. While we acknowledge the potential of SDRL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
Transocean Ltd. Announces Second Quarter 2025 Earnings Release Date
STEINHAUSEN, Switzerland, July 14, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2025 on Monday, August 4, 2025. The company will conduct a teleconference starting at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, August 5, 2025. Individuals who wish to participate in the teleconference should dial +1 785-424-1116 approximately 15 minutes prior to the scheduled start time and refer to conference code 125397. A listen-only simulcast of the teleconference can be accessed at: by selecting Investors, News, and Webcasts. A replay of the teleconference will be available after 12 p.m. EDT, 6 p.m. CEST, on August 5, 2025. The replay, which will be archived for approximately 30 days, can be accessed at +1 402-220-2972, passcode 125397. The replay also will be available on the company's website. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 32 mobile offshore drilling units, consisting of 24 ultra-deepwater floaters and eight harsh environment floaters. For more information about Transocean, please visit: Analyst Contact:Alison Johnson+1 713-232-7214 Media Contact:Pam Easton+1 713-232-7647
Yahoo
14-07-2025
- Business
- Yahoo
Transocean Secures New Drilling Contract with Equinor in Norwegian Sea, Commencing July
Transocean Ltd. (NYSE:RIG) is one of the best low priced energy stocks to buy now. On June 27, Transocean announced that it secured a new drilling assignment from Equinor ASA (NYSE:EQNR) in the Norwegian Sea. Equinor recently received a drilling permit from the Norwegian Offshore Directorate/NOD for a wildcat well, specifically wellbore 6506/12-PB-3 H, within production license (PL) 094. Equinor operates this license with a 40.95% stake, alongside partners Var Energi, Petoro, and TotalEnergies EP Norge. The drilling activities for this wildcat well are anticipated to commence this July, using Transocean's Transocean Encourage rig. An aerial view of an oil rig with drillers in hard hats working on the platform. In 2023, Transocean secured a 9-well contract for the Transocean Encourage for drilling activities on the Norwegian Continental Shelf/NCS. This contract also includes a provision for drilling 6 optional wells. Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil & gas wells in Switzerland and internationally. Equinor ASA (NYSE:EQNR) is an energy company that explores, produces, transports, refines, and markets petroleum and other forms of energy in Norway and internationally. While we acknowledge the potential of RIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
