Transocean Acquires Newbuild Drillship Following $486 Million Long-Term Contract Award - Buy [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
The three-year contract is valued at $486 million, with a $40 million mobilization fee on top. Work is expected to commence in Q3/2024. The decision to acquire the drillship from its joint venture partners is likely to result in some near-term cash flow pressures and higher debt levels. Considering the strong market environment, raising additional debt at acceptable terms shouldn't be an issue. Contract margin should be more than sufficient to recoup the company's entire activation investment. Consequently, I am reiterating my "Buy" rating and would advise investors to use any major weakness in the shares to initiate or add to existing positions. Note: I have covered Transocean Ltd. NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. On Thursday, leading offshore driller Transocean Ltd. or "Transocean" finally announced the eagerly-awaited maiden contract for the newbuild 7th generation drillship Deepwater Aquila (emph
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News
- Transocean (RIG): Assessing Valuation After Momentum Cools Following Recent Share Price Gains [Yahoo! Finance]Yahoo! Finance
- CEO Stock Sale and JPMorgan Downgrade Could Be A Game Changer For Transocean (RIG) [Yahoo! Finance]Yahoo! Finance
- CEO and President of Transocean Sells 66,000 Shares. Does That Signal Pessimism? [Yahoo! Finance]Yahoo! Finance
- Transocean (NYSE:RIG) was given a new $4.50 price target on by analysts at Morgan Stanley.MarketBeat
- R - Transocean is a sound offshore bet [Yahoo! Finance]Yahoo! Finance
RIG
Earnings
- 10/29/25 - Beat
RIG
Sec Filings
- 12/8/25 - Form 4
- 12/8/25 - Form 8-K
- 12/5/25 - Form 4
- RIG's page on the SEC website