Transocean Records Record High Dayrates, But More Is Yet To Come
Transocean(RIG) Seeking Alpha·2024-08-02 16:42
MarkusBeck A lot has happened since my last coverage of Transocean (NYSE:RIG). RIG stock surged by about 10% following the publication of the fleet status report. Later on July 31st, a contract worth $531 million at a daily rate of about $485,000 was announced. The company's dayrates surged to record highs, much like the management predicted. The company has just reported its earnings, and more positive announcements are yet to come, it seems. Offshore drillers' earnings are among the most predictable o ...