Transocean: Looking To Add To My Position Again

Summary:

  • Transocean reported its year end earnings and shares have sold off in recent weeks.
  • I talk about the sector outlook from Transocean as well as a piece from Noble Corporation’s earnings call.
  • Transocean does have a lot of debt on the balance sheet, but I think that means the upside could be huge as the company deleverages over the next couple years.
  • I’m looking at 2025 LEAPS, which could provide huge returns on a small investment, especially if shares fall further in coming weeks.

Beautiful Dusk Sky Over an Offshore Oil Drilling close to Huntington Beach

Jeremy Poland

Markets had an interesting week last week as Silicon Valley Bank (SIVB) quickly folded like a house of cards. I wrote up my thoughts on SIVB in a piece published yesterday, but it will likely take weeks or months

RIG Total Debt

RIG Total Debt ((RIG 10-K) sec.gov)


Disclosure: I/we have a beneficial long position in the shares of RIG, TDW, VAL-WT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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