Transocean Ltd.: Contract Extension Positive For Company, Possibly For Industry [Seeking Alpha]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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US:NYSE Investor Relations:
investor.deepwater.com
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Source: Seeking Alpha
Summary Transocean recently received a contract extension for the Petrobras 10000 that is currently working in the Brazilian pre-salt. This three-year contract carries a dayrate of $234k, which is well above most estimates of the current leading market dayrate. This is a clear indication that the offshore drilling industry is strengthening. The contract should be able to generate positive cash flow for Transocean, something the company sorely needs. Overall, investors should be pleased with this development. On Friday, September 28, 2018, ultra-deepwater drilling giant Transocean Ltd. (NYSE: RIG ) announced that it has secured a contract extension for the Petrobras 10000 (NYSE: PBR ) ultra-deepwater drillship. This extension effectively ensures that the drillship will be employed until October 2021, which is certainly promising given that multi-year contracts have been somewhat hard to come by over the past few years. The dayrate on this contract extension also c
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RIG
News
- Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know [Yahoo! Finance]Yahoo! Finance
- Transocean adds contract extensions worth $248M, fleet status report says [Seeking Alpha]Seeking Alpha
- Transocean Ltd. Announces Results of Tender Offers [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. Announces Results of Tender OffersGlobeNewswire
- Transocean Ltd. Provides Quarterly Fleet Status ReportGlobeNewswire
RIG
Earnings
- 2/19/24 - Beat
RIG
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/11/24 - Form 8-K
- RIG's page on the SEC website